Paloma Natural Gas recorded a decrease of 4.52% in total oil and gas production to 20,154.33 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Paloma Natural Gas declined 16.11% in May 2020 from 24,025.93 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production increased by 16.11% from the same period in 2019.
The company’s oil production declined 48.71% to 317.23 bd in May 2020 from the previous month, while gas production declined by 3.18% to 115.06 mmcf/d. On a YTD basis, oil production decreased by 26.72% in 2020 when compared with the same period in 2019, while gas production rose by 17.94%. Out of the total oil and gas production in May 2020, oil production held a 1.57% share, while gas production held a 98.43% share.
Looking at the states where Paloma Natural Gas recorded the highest oil and gas production in May 2020, Louisiana figured at the top, accounting for a 1.02% share. The company produced 19,951.11 boe/d in the state in May 2020, a decrease of 4.08% from the previous month.
On a YTD basis, the company produced 1,12,211.56 boe/d in Louisiana in 2020, recording an increase of 14.39% from the same period in 2019.
Paloma Natural Gas witnessed the highest oil and gas production in De Soto county in May 2020. Out of all the counties, De Soto county held a share of 65.57% for the firm. The company produced 13,215.31 boe/d in De Soto county in May 2020, an increase of 1.17% in production when compared with the previous month.
On a YTD basis, the county produced 67,628.41 boe/d for the company in 2020, a 40.11% increase from the same period in 2019.
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.