Sierra Resources recorded a decrease of 25.8% in total oil and gas production to 685.45 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Sierra Resources declined 34.42% in April 2020 from 1,045.25 boe/d in April 2019.
On a YTD basis, the company’s total oil and gas production decreased by 18.94% from the same period in 2019.
The company’s oil production declined 31.87% to 309.47 bd in April 2020 from the previous month, while gas production declined by 21.76% to 1.87 mmcf/d. On a YTD basis, oil production decreased by 17.64% in 2020 when compared with the same period in 2019, while gas production declined by 19.33%. Out of the total oil and gas production in April 2020, oil production held a 45.15% share, while gas production held a 47.04% share.
Looking at the states where Sierra Resources recorded the highest oil and gas production in April 2020, California figured at the top, accounting for an 84.66% share. The company produced 371.2 boe/d in the state in April 2020, a decrease of 35.25% from the previous month.
On a YTD basis, the company produced 1,965.29 boe/d in California in 2020, recording a decrease of 52.79% from the same period in 2019.
Sierra Resources witnessed the highest oil and gas production in Santa Barbara county in April 2020. Out of all the counties, Santa Barbara county held a share of 54.15% for the firm. The company produced 371.2 boe/d in Santa Barbara county in April 2020, a decrease of 35.25% in production when compared with the previous month.
On a YTD basis, the county produced 1,965.29 boe/d for the company in 2020, a 16.68% 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.