Smith Energy recorded a decrease of 16.39% in total oil and gas production to 374.13 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Smith Energy declined 9.83% in March 2020 from 414.91 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 7.46% from the same period in 2019.
The company’s oil production grew 56.41% to 6.71 bd in March 2020 from the previous month, while gas production declined by 17.12% to 2.13 mmcf/d. On a YTD basis, oil production decreased by 23.73% in 2020 when compared with the same period in 2019, while gas production declined by 7.15%. Out of the total oil and gas production in March 2020, oil production held a 1.79% share, while gas production held a 98.16% share.
Looking at the states where Smith Energy recorded the highest oil and gas production in March 2020, Colorado figured at the top, accounting for a 100% share. The company produced 374.13 boe/d in the state in March 2020, a decrease of 16.39% from the previous month.
On a YTD basis, the company produced 1,248.16 boe/d in Colorado in 2020, recording a decrease of 7.46% from the same period in 2019.
Smith Energy witnessed the highest oil and gas production in WASHINGTON county in March 2020. Out of all the counties, WASHINGTON county held a share of 76.45% for the firm. The company produced 286.03 boe/d in WASHINGTON county in March 2020, a decrease of 16.84% in production when compared with the previous month.
On a YTD basis, the county produced 968.14 boe/d for the company in 2020, an 8.7% 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.