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July 19, 2022

Pedernales Petroleum Operating records 16.14% decrease in production in March 2020

By Carmen

Pedernales Petroleum Operating recorded a decrease of 16.14% in total oil and gas production to 377.27 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Pedernales Petroleum Operating grew 1.23% in March 2020 from 372.67 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 4.83% from the same period in 2019.

The company’s oil production declined 13.23% to 3.87 bd in March 2020 from the previous month, while gas production declined by 9.52% to 2.09 mmcf/d. On a YTD basis, oil production increased by 29.72% in 2020 when compared with the same period in 2019, while gas production rose by 1.71%. Out of the total oil and gas production in March 2020, oil production held a 1.03% share, while gas production held a 95.51% share.


Looking at the states where Pedernales Petroleum Operating recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 377.27 boe/d in the state in March 2020, a decrease of 16.14% from the previous month.

On a YTD basis, the company produced 1,216.2 boe/d in Texas in 2020, recording an increase of 4.83% from the same period in 2019.



Pedernales Petroleum Operating witnessed the highest oil and gas production in Panola county in March 2020. Out of all the counties, Panola county held a share of 80.06% for the firm. The company produced 302.04 boe/d in Panola county in March 2020, a decrease of 14.4% in production when compared with the previous month.

On a YTD basis, the county produced 968.93 boe/d for the company in 2020, a 12.53% 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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