Redline Energy recorded a decrease of 6.07% in total oil and gas production to 382.78 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Redline Energy declined 27.02% in March 2020 from 524.5 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 24.76% from the same period in 2019.
The company’s oil production declined 43.92% to 7.43 bd in March 2020 from the previous month, while gas production declined by 4.8% to 2.18 mmcf/d. On a YTD basis, oil production decreased by 63.67% in 2020 when compared with the same period in 2019, while gas production declined by 22.94%. Out of the total oil and gas production in March 2020, oil production held a 1.94% share, while gas production held a 98.19% share.
Looking at the states where Redline Energy recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 382.78 boe/d in the state in March 2020, a decrease of 6.07% from the previous month.
On a YTD basis, the company produced 1,117.4 boe/d in Oklahoma in 2020, recording a decrease of 24.76% from the same period in 2019.
Redline Energy witnessed the highest oil and gas production in Beaver county in March 2020. Out of all the counties, Beaver county held a share of 33.81% for the firm. The company produced 129.4 boe/d in Beaver county in March 2020, a decrease of 1.69% in production when compared with the previous month.
On a YTD basis, the county produced 376.54 boe/d for the company in 2020, an 11.58% 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.