Presidio Petroleum recorded a decrease of 14.93% in total oil and gas production to 31,537.19 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Presidio Petroleum declined 32.41% in May 2020 from 46,657.24 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 25.34% from the same period in 2019.
The company’s oil production declined 53.91% to 3,329.31 bd in May 2020 from the previous month, while gas production declined by 4.86% to 150.2 mmcf/d. On a YTD basis, oil production decreased by 42.16% in 2020 when compared with the same period in 2019, while gas production declined by 19.15%. Out of the total oil and gas production in May 2020, oil production held a 10.56% share, while gas production held an 82.11% share.
Looking at the states where Presidio Petroleum recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 26,904.68 boe/d in the state in May 2020, a decrease of 8.48% from the previous month.
On a YTD basis, the company produced 1,48,081.4 boe/d in Texas in 2020, recording a decrease of 40.03% from the same period in 2019.
Presidio Petroleum witnessed the highest oil and gas production in Wheeler county in May 2020. Out of all the counties, Wheeler county held a share of 29.37% for the firm. The company produced 9,263.5 boe/d in Wheeler county in May 2020, a decrease of 5.51% in production when compared with the previous month.
On a YTD basis, the county produced 50,404.91 boe/d for the company in 2020, an 18.42% 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.