PRI Operating recorded a decrease of 13.69% in total oil and gas production to 21,089.15 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of PRI Operating declined 1.01% in May 2020 from 21,304.15 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production increased by 27.64% from the same period in 2019.
The company’s oil production declined 14.04% to 16,048.34 bd in May 2020 from the previous month, while gas production declined by 12.53% to 29.24 mmcf/d. On a YTD basis, oil production increased by 20.8% in 2020 when compared with the same period in 2019, while gas production rose by 55.32%. Out of the total oil and gas production in May 2020, oil production held a 76.1% share, while gas production held a 23.9% share.
Looking at the states where PRI Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 21,089.15 boe/d in the state in May 2020, a decrease of 13.69% from the previous month.
On a YTD basis, the company produced 1,26,920.89 boe/d in Texas in 2020, recording an increase of 27.64% from the same period in 2019.
PRI Operating witnessed the highest oil and gas production in Reeves county in May 2020. Out of all the counties, Reeves county held a share of 73.91% for the firm. The company produced 15,587.7 boe/d in Reeves county in May 2020, a decrease of 15.92% in production when compared with the previous month.
On a YTD basis, the county produced 95,350.53 boe/d for the company in 2020, a 7.43% 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.