Sage Natural Resources recorded a decrease of 6.44% in total oil and gas production to 14,128.47 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Sage Natural Resources declined 14.77% in March 2020 from 16,576.87 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 11.07% from the same period in 2019.
The company’s gas production declined by 6.42% to 81.74 mmcf/d in March 2020 from the previous month. On a YTD basis, gas production declined by 10.94% in 2020 when compared with the same period in 2019. Out of the total oil and gas production in March 2020, gas production held a 99.75% share.
Looking at the states where Sage Natural Resources recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 14,128.47 boe/d in the state in March 2020, a decrease of 6.44% from the previous month.
On a YTD basis, the company produced 44,183.33 boe/d in Texas in 2020, recording a decrease of 11.07% from the same period in 2019.
Sage Natural Resources witnessed the highest oil and gas production in Tarrant county in March 2020. Out of all the counties, Tarrant county held a share of 71.9% for the firm. The company produced 10,158.29 boe/d in Tarrant county in March 2020, a decrease of 6.37% in production when compared with the previous month.
On a YTD basis, the county produced 31,704.32 boe/d for the company in 2020, a 12.99% 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.