PennEnergy Resources recorded a decrease of 1.26% in total oil and gas production to 99,813.79 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of PennEnergy Resources grew 12.96% in May 2020 from 88,362.53 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 13.31% from the same period in 2019.

The company’s gas production declined by 1.16% to 571.46 mmcf/d in May 2020 from the previous month. On a YTD basis, gas production rose by 13.78% in 2020 when compared with the same period in 2019. Out of the total oil and gas production in May 2020, gas production held a 98.71% share.


Looking at the states where PennEnergy Resources recorded the highest oil and gas production in May 2020, Pennsylvania figured at the top, accounting for a 100% share. The company produced 99,813.79 boe/d in the state in May 2020, a decrease of 1.26% from the previous month.

On a YTD basis, the company produced 5,02,364.25 boe/d in Pennsylvania in 2020, recording an increase of 13.31% from the same period in 2019.



PennEnergy Resources witnessed the highest oil and gas production in Butler county in May 2020. Out of all the counties, Butler county held a share of 75.7% for the firm. The company produced 75,559.14 boe/d in Butler county in May 2020, a decrease of 0.54% in production when compared with the previous month.

On a YTD basis, the county produced 3,75,124.96 boe/d for the company in 2020, a 14.41% 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.