Petroplex Energy recorded an increase of 3.65% in total oil and gas production to 1,012.28 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Petroplex Energy grew 11.4% in March 2020 from 908.69 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production increased by 4.19% from the same period in 2019.
The company’s oil production declined 1.55% to 826.11 bd in March 2020 from the previous month, while gas production up by 36.84% to 1.04 mmcf/d. On a YTD basis, oil production increased by 12.33% in 2020 when compared with the same period in 2019, while gas production declined by 21.94%. Out of the total oil and gas production in March 2020, oil production held an 81.61% share, while gas production held a 17.71% share.
Looking at the states where Petroplex Energy recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 1,012.28 boe/d in the state in March 2020, an increase of 3.65% from the previous month.
On a YTD basis, the company produced 2,923.05 boe/d in Texas in 2020, recording an increase of 4.19% from the same period in 2019.
Petroplex Energy witnessed the highest oil and gas production in Martin county in March 2020. Out of all the counties, Martin county held a share of 71.41% for the firm. The company produced 722.83 boe/d in Martin county in March 2020, an increase of 4.87% in production when compared with the previous month.
On a YTD basis, the county produced 2,070.89 boe/d for the company in 2020, a 0.37% increase from the same period in 2019.
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.