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July 19, 2022

Sabre Operating records 0.83% decrease in production in March 2020

By Carmen

Sabre Operating recorded a decrease of 0.83% in total oil and gas production to 417.63 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Sabre Operating grew 14.73% in March 2020 from 364.02 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 10.63% from the same period in 2019.

The company’s oil production grew 30.68% to 59.59 bd in March 2020 from the previous month, while gas production declined by 4.59% to 2.08 mmcf/d. On a YTD basis, oil production decreased by 8.03% in 2020 when compared with the same period in 2019, while gas production rose by 14.54%. Out of the total oil and gas production in March 2020, oil production held a 14.27% share, while gas production held an 85.87% share.


Looking at the states where Sabre Operating recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 26.75% share. The company produced 284.38 boe/d in the state in March 2020, an increase of 1.19% from the previous month.

On a YTD basis, the company produced 858.63 boe/d in Oklahoma in 2020, recording a decrease of 24.98% from the same period in 2019.



Sabre Operating witnessed the highest oil and gas production in Texas county in March 2020. Out of all the counties, Texas county held a share of 19.09% for the firm. The company produced 79.74 boe/d in Texas county in March 2020, a decrease of 6.31% in production when compared with the previous month.

On a YTD basis, the county produced 254.14 boe/d for the company in 2020, a 0.24% 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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