PetroQuest Energy recorded a decrease of 90.95% in total oil and gas production to 15.94 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of PetroQuest Energy declined 97.61% in April 2020 from 666.64 boe/d in April 2019.
On a YTD basis, the company’s total oil and gas production decreased by 40.8% from the same period in 2019.
The company’s oil production declined 72.6% to 8.97 bd in April 2020 from the previous month, while gas production declined by 95.18% to 0.04 mmcf/d. On a YTD basis, oil production decreased by 37.35% in 2020 when compared with the same period in 2019, while gas production declined by 41.3%. Out of the total oil and gas production in April 2020, oil production held a 56.27% share, while gas production held a 43.29% share.
Looking at the states where PetroQuest Energy recorded the highest oil and gas production in April 2020, Arkansas figured at the top, accounting for a 77.59% share. The company produced 8.97 boe/d in the state in April 2020, a decrease of 58.68% from the previous month.
On a YTD basis, the company produced 74.92 boe/d in Arkansas in 2020, recording a decrease of 98.52% from the same period in 2019.
PetroQuest Energy witnessed the highest oil and gas production in Union county in April 2020. Out of all the counties, Union county held a share of 56.27% for the firm. The company produced 8.97 boe/d in Union county in April 2020, a decrease of 58.68% in production when compared with the previous month.
On a YTD basis, the county produced 2,856.38 boe/d for the company in 2020, a 41.48% decrease 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.