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  1. Market Data
July 19, 2022

SHD Oil & Gas records 84.82% decrease in production in March 2020

By Carmen

SHD Oil & Gas recorded a decrease of 84.82% in total oil and gas production to 186.9 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of SHD Oil & Gas declined 49.06% in March 2020 from 366.91 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 24.81% from the same period in 2019.

The company’s oil production declined 85.66% to 148.74 bd in March 2020 from the previous month, while gas production declined by 80.36% to 0.22 mmcf/d. On a YTD basis, oil production increased by 44.71% in 2020 when compared with the same period in 2019, while gas production declined by 26.24%. Out of the total oil and gas production in March 2020, oil production held a 79.58% share, while gas production held a 20.29% share.


Looking at the states where SHD Oil & Gas recorded the highest oil and gas production in March 2020, North Dakota figured at the top, accounting for a 100% share. The company produced 186.9 boe/d in the state in March 2020, a decrease of 84.82% from the previous month.

On a YTD basis, the company produced 2,012.96 boe/d in North Dakota in 2020, recording an increase of 24.81% from the same period in 2019.



SHD Oil & Gas witnessed the highest oil and gas production in Mclean county in March 2020. Out of all the counties, Mclean county held a share of 74.61% for the firm. The company produced 139.45 boe/d in Mclean county in March 2020, a decrease of 87.94% in production when compared with the previous month.

On a YTD basis, the county produced 1,825.22 boe/d for the company in 2020, an 118.42% increase 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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