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July 19, 2022

Pantera Energy records 12.47% decrease in production in March 2020

By Carmen

Pantera Energy recorded a decrease of 12.47% in total oil and gas production to 8,862.75 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Pantera Energy grew 28.14% in March 2020 from 6,916.54 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 25.11% from the same period in 2019.

The company’s oil production declined 10.39% to 919.5 bd in March 2020 from the previous month, while gas production declined by 12.7% to 46.06 mmcf/d. On a YTD basis, oil production decreased by 3.51% in 2020 when compared with the same period in 2019, while gas production rose by 29.32%. Out of the total oil and gas production in March 2020, oil production held a 10.37% share, while gas production held an 89.6% share.


Looking at the states where Pantera Energy recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 6,965.24 boe/d in the state in March 2020, a decrease of 11.72% from the previous month.

On a YTD basis, the company produced 22,603.61 boe/d in Texas in 2020, recording a decrease of 1.67% from the same period in 2019.



Pantera Energy witnessed the highest oil and gas production in Moore county in March 2020. Out of all the counties, Moore county held a share of 36.36% for the firm. The company produced 3,222.51 boe/d in Moore county in March 2020, a decrease of 14.63% in production when compared with the previous month.

On a YTD basis, the county produced 10,619.98 boe/d for the company in 2020, a 63.49% increase 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.

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