View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
August 19, 2022

Petro-Hunt records 21.25% decrease in production in April 2020

By Carmen

Petro-Hunt recorded a decrease of 21.25% in total oil and gas production to 57,571.03 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Petro-Hunt declined 26.91% in April 2020 from 78,766.63 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 8.78% from the same period in 2019.

The company’s oil production declined 31.5% to 27,842.5 bd in April 2020 from the previous month, while gas production declined by 11.73% to 142.17 mmcf/d. On a YTD basis, oil production decreased by 12.12% in 2020 when compared with the same period in 2019, while gas production rose by 0.59%. Out of the total oil and gas production in April 2020, oil production held a 48.36% share, while gas production held a 42.58% share.


Looking at the states where Petro-Hunt recorded the highest oil and gas production in April 2020, North Dakota figured at the top, accounting for a 52.37% share. The company produced 36,646.96 boe/d in the state in April 2020, a decrease of 31.61% from the previous month.

On a YTD basis, the company produced 2,13,985.83 boe/d in North Dakota in 2020, recording a decrease of 33.97% from the same period in 2019.



Petro-Hunt witnessed the highest oil and gas production in Mckenzie county in April 2020. Out of all the counties, Mckenzie county held a share of 44.66% for the firm. The company produced 25,713.95 boe/d in Mckenzie county in April 2020, a decrease of 34.19% in production when compared with the previous month.

On a YTD basis, the county produced 1,56,194.93 boe/d for the company in 2020, a 5.01% 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology