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  1. Market Data
September 16, 2022

Pruet Production records 20.8% decrease in production in May 2020

By Carmen

Pruet Production recorded a decrease of 20.8% in total oil and gas production to 9,255.93 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Pruet Production declined 22.47% in May 2020 from 11,937.77 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 10.56% from the same period in 2019.

The company’s oil production declined 22.83% to 5,628.52 bd in May 2020 from the previous month, while gas production declined by 17.43% to 21.04 mmcf/d. On a YTD basis, oil production decreased by 8.21% in 2020 when compared with the same period in 2019, while gas production declined by 14.2%. Out of the total oil and gas production in May 2020, oil production held a 60.81% share, while gas production held a 39.19% share.


Looking at the states where Pruet Production recorded the highest oil and gas production in May 2020, Alabama figured at the top, accounting for a 6.17% share. The company produced 8,687.44 boe/d in the state in May 2020, a decrease of 17.75% from the previous month.

On a YTD basis, the company produced 51,332.17 boe/d in Alabama in 2020, recording a decrease of 19.1% from the same period in 2019.



Pruet Production witnessed the highest oil and gas production in Conecuh county in May 2020. Out of all the counties, Conecuh county held a share of 82.08% for the firm. The company produced 7,596.87 boe/d in Conecuh county in May 2020, a decrease of 17.98% in production when compared with the previous month.

On a YTD basis, the county produced 44,713.27 boe/d for the company in 2020, an 8.92% 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.

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