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July 19, 2022

Resource Energy Can Am records 19.7% decrease in production in March 2020

By Carmen

Resource Energy Can Am recorded a decrease of 19.7% in total oil and gas production to 4,301.08 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Resource Energy Can Am declined 20.79% in March 2020 from 5,429.96 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 18.8% from the same period in 2019.

The company’s oil production declined 19.71% to 3,249.94 bd in March 2020 from the previous month, while gas production declined by 19.63% to 6.1 mmcf/d. On a YTD basis, oil production decreased by 19.11% in 2020 when compared with the same period in 2019, while gas production declined by 17.83%. Out of the total oil and gas production in March 2020, oil production held a 75.56% share, while gas production held a 24.45% share.


Looking at the states where Resource Energy Can Am recorded the highest oil and gas production in March 2020, North Dakota figured at the top, accounting for a 100% share. The company produced 4,301.08 boe/d in the state in March 2020, a decrease of 19.7% from the previous month.

On a YTD basis, the company produced 14,897.86 boe/d in North Dakota in 2020, recording a decrease of 18.8% from the same period in 2019.



Resource Energy Can Am witnessed the highest oil and gas production in Divide county in March 2020. Out of all the counties, Divide county held a share of 100% for the firm. The company produced 4,301.08 boe/d in Divide county in March 2020, a decrease of 19.7% in production when compared with the previous month.

On a YTD basis, the county produced 14,897.86 boe/d for the company in 2020, an 18.8% 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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