PetroQuest Energy recorded a decrease of 8.82% in total oil and gas production to 5,878.77 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of PetroQuest Energy declined 21.57% in May 2020 from 7,495.49 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 9.47% from the same period in 2019.
The company’s oil production declined 100%, while gas production declined by 7.58% to 33.15 mmcf/d. On a YTD basis, oil production decreased by 46.17% in 2020 when compared with the same period in 2019, while gas production declined by 8.25%. Out of the total oil and gas production in May 2020, gas production held a 97.22% share.
Looking at the states where PetroQuest Energy recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 5,868.3 boe/d in the state in May 2020, a decrease of 8.75% from the previous month.
On a YTD basis, the company produced 32,944.78 boe/d in Texas in 2020, recording a decrease of 17.06% from the same period in 2019.
PetroQuest Energy witnessed the highest oil and gas production in Panola county in May 2020. Out of all the counties, Panola county held a share of 99.82% for the firm. The company produced 5,868.3 boe/d in Panola county in May 2020, a decrease of 8.75% in production when compared with the previous month.
On a YTD basis, the county produced 32,944.78 boe/d for the company in 2020, a 3.18% 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.