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July 19, 2022

Seeley Oil records 19.39% decrease in production in March 2020

By Carmen

Seeley Oil recorded a decrease of 19.39% in total oil and gas production to 238.09 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Seeley Oil declined 13.2% in March 2020 from 274.3 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 16.27% from the same period in 2019.

The company’s oil production declined 10.68% to 193.16 bd in March 2020 from the previous month, while gas production declined by 43.48% to 0.26 mmcf/d. On a YTD basis, oil production decreased by 5.09% in 2020 when compared with the same period in 2019, while gas production declined by 40.56%. Out of the total oil and gas production in March 2020, oil production held an 81.13% share, while gas production held an 18.83% share.


Looking at the states where Seeley Oil recorded the highest oil and gas production in March 2020, Colorado figured at the top, accounting for a 30.11% share. The company produced 183 boe/d in the state in March 2020, a decrease of 23.31% from the previous month.

On a YTD basis, the company produced 658.95 boe/d in Colorado in 2020, recording a decrease of 32.89% from the same period in 2019.



Seeley Oil witnessed the highest oil and gas production in Montezuma county in March 2020. Out of all the counties, Montezuma county held a share of 75.9% for the firm. The company produced 180.71 boe/d in Montezuma county in March 2020, a decrease of 23.48% in production when compared with the previous month.

On a YTD basis, the county produced 647.64 boe/d for the company in 2020, a 9.05% 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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