Paloma Natural Gas recorded a decrease of 15.23% in total oil and gas production to 374.67 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Paloma Natural Gas declined 22.94% in March 2020 from 486.23 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 16.4% from the same period in 2019.

The company’s oil production declined 16.29% to 315.06 bd in March 2020 from the previous month, while gas production declined by 7.89% to 0.35 mmcf/d. On a YTD basis, oil production decreased by 17.16% in 2020 when compared with the same period in 2019, while gas production declined by 12.07%. Out of the total oil and gas production in March 2020, oil production held an 84.09% share, while gas production held a 16.1% share.


Looking at the states where Paloma Natural Gas recorded the highest oil and gas production in March 2020, Mississippi figured at the top, accounting for a 100% share. The company produced 374.67 boe/d in the state in March 2020, a decrease of 15.23% from the previous month.

On a YTD basis, the company produced 1,184 boe/d in Mississippi in 2020, recording a decrease of 16.4% from the same period in 2019.



Paloma Natural Gas witnessed the highest oil and gas production in Amite county in March 2020. Out of all the counties, Amite county held a share of 54.54% for the firm. The company produced 204.34 boe/d in Amite county in March 2020, a decrease of 11.86% in production when compared with the previous month.

On a YTD basis, the county produced 638.97 boe/d for the company in 2020, a 12.36% decrease from the same period in 2019.



Methodology

All publicly announced wells data are included in this analysis, which is drawn from GlobalData’s USL48 database that provides insights into oil and gas permits and wells as disclosed by state ministry sites.

GlobalData collects the latest production data and analyses the trends when it is made available for public disclosure by state ministries. Differences, if any, between the period of activity and the article date may be attributed to delays in the issuance of data.