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September 16, 2022

Sandpoint Texas records 78.52% decrease in production in May 2020

By Carmen

Sandpoint Texas recorded a decrease of 78.52% in total oil and gas production to 82.95 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Sandpoint Texas declined 80.33% in May 2020 from 421.67 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 21.44% from the same period in 2019.

The company’s oil production declined 78.52% to 82.95 bd in May 2020 from the previous month. On a YTD basis, oil production decreased by 21.44% in 2020 when compared with the same period in 2019. Out of the total oil and gas production in May 2020, oil production held a 100% share.


Looking at the states where Sandpoint Texas recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 82.95 boe/d in the state in May 2020, a decrease of 78.52% from the previous month.

On a YTD basis, the company produced 1,980.86 boe/d in Texas in 2020, recording a decrease of 21.44% from the same period in 2019.



Sandpoint Texas witnessed the highest oil and gas production in Chambers county in May 2020. Out of all the counties, Chambers county held a share of 68.4% for the firm. The company produced 56.74 boe/d in Chambers county in May 2020, a decrease of 81.77% in production when compared with the previous month.

On a YTD basis, the county produced 1,636.26 boe/d for the company in 2020, a 21.47% 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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