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September 16, 2022

Safari Resources records 9.13% decrease in production in May 2020

By Carmen

Safari Resources recorded a decrease of 9.13% in total oil and gas production to 230.14 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Safari Resources declined 16.02% in May 2020 from 274.03 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 10.39% from the same period in 2019.

The company’s oil production declined 16.29% to 64.81 bd in May 2020 from the previous month, while gas production declined by 7% to 0.93 mmcf/d. On a YTD basis, oil production decreased by 8.88% in 2020 when compared with the same period in 2019, while gas production declined by 11.43%. Out of the total oil and gas production in May 2020, oil production held a 28.16% share, while gas production held a 69.67% share.


Looking at the states where Safari Resources recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 230.14 boe/d in the state in May 2020, a decrease of 9.13% from the previous month.

On a YTD basis, the company produced 1,302.7 boe/d in Texas in 2020, recording a decrease of 10.39% from the same period in 2019.



Safari Resources witnessed the highest oil and gas production in Stephens county in May 2020. Out of all the counties, Stephens county held a share of 71.21% for the firm. The company produced 163.89 boe/d in Stephens county in May 2020, a decrease of 7.02% in production when compared with the previous month.

On a YTD basis, the county produced 927.33 boe/d for the company in 2020, a 12.87% 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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