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September 16, 2022

Ranger Oil records 26.8% decrease in production in May 2020

By Carmen

Ranger Oil recorded a decrease of 26.8% in total oil and gas production to 42,896.8 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ranger Oil declined 26.49% in May 2020 from 58,357.63 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 5.44% from the same period in 2019.

The company’s oil production declined 29.95% to 27,791.91 bd in May 2020 from the previous month, while gas production declined by 20.21% to 73.7 mmcf/d. On a YTD basis, oil production increased by 1.34% in 2020 when compared with the same period in 2019, while gas production rose by 16.23%. Out of the total oil and gas production in May 2020, oil production held a 64.79% share, while gas production held a 29.62% share.


Looking at the states where Ranger Oil recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 42,371.91 boe/d in the state in May 2020, a decrease of 27.01% from the previous month.

On a YTD basis, the company produced 2,76,115.8 boe/d in Texas in 2020, recording an increase of 4.4% from the same period in 2019.



Ranger Oil witnessed the highest oil and gas production in Lavaca county in May 2020. Out of all the counties, Lavaca county held a share of 43.15% for the firm. The company produced 18,510.47 boe/d in Lavaca county in May 2020, a decrease of 22.24% in production when compared with the previous month.

On a YTD basis, the county produced 1,05,934.95 boe/d for the company in 2020, a 15.91% 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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