PetroQuest Energy recorded an increase of 12.51% in total oil and gas production to 6,606.45 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of PetroQuest Energy declined 37.69% in June 2020 from 10,602.96 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 15.42% from the same period in 2019.

The company’s oil production stood at 132.13 bd in June 2020, while gas production up by 10.9% to 36.72 mmcf/d. On a YTD basis, oil production decreased by 39.08% in 2020 when compared with the same period in 2019, while gas production declined by 14.19%. Out of the total oil and gas production in June 2020, oil production held a 2% share, while gas production held a 95.83% share.


Looking at the states where PetroQuest Energy recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 5,556.16 boe/d in the state in June 2020, a decrease of 5.2% from the previous month.

On a YTD basis, the company produced 38,428.23 boe/d in Texas in 2020, recording a decrease of 23.5% from the same period in 2019.



PetroQuest Energy witnessed the highest oil and gas production in Panola county in June 2020. Out of all the counties, Panola county held a share of 84.1% for the firm. The company produced 5,556.16 boe/d in Panola county in June 2020, a decrease of 5.2% in production when compared with the previous month.

On a YTD basis, the county produced 38,428.23 boe/d for the company in 2020, an 11.75% 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.