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September 16, 2022

Parten Operating records 43.74% decrease in production in May 2020

By Carmen

Parten Operating recorded a decrease of 43.74% in total oil and gas production to 200.45 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Parten Operating declined 40.2% in May 2020 from 335.21 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 11.97% from the same period in 2019.

The company’s oil production declined 90.77% to 12.65 bd in May 2020 from the previous month, while gas production declined by 15.7% to 1.02 mmcf/d. On a YTD basis, oil production decreased by 21.65% in 2020 when compared with the same period in 2019, while gas production declined by 5.07%. Out of the total oil and gas production in May 2020, oil production held a 6.31% share, while gas production held an 87.73% share.


Looking at the states where Parten Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 200.45 boe/d in the state in May 2020, a decrease of 43.74% from the previous month.

On a YTD basis, the company produced 1,621.4 boe/d in Texas in 2020, recording a decrease of 11.97% from the same period in 2019.



Parten Operating witnessed the highest oil and gas production in Houston county in May 2020. Out of all the counties, Houston county held a share of 41.34% for the firm. The company produced 82.86 boe/d in Houston county in May 2020, a decrease of 62.48% in production when compared with the previous month.

On a YTD basis, the county produced 1,021.35 boe/d for the company in 2020, a 19.05% 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.

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