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September 16, 2022

Smith Energy records 12.68% increase in production in May 2020

By Carmen

Smith Energy recorded an increase of 12.68% in total oil and gas production to 455.77 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Smith Energy declined 19.41% in May 2020 from 565.55 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 10.69% from the same period in 2019.

The company’s oil production grew 16.97% to 7.1 bd in May 2020 from the previous month, while gas production up by 12.55% to 2.6 mmcf/d. On a YTD basis, oil production decreased by 27.09% in 2020 when compared with the same period in 2019, while gas production declined by 10.41%. Out of the total oil and gas production in May 2020, oil production held a 1.56% share, while gas production held a 98.35% share.


Looking at the states where Smith Energy recorded the highest oil and gas production in May 2020, Colorado figured at the top, accounting for a 100% share. The company produced 455.77 boe/d in the state in May 2020, an increase of 12.68% from the previous month.

On a YTD basis, the company produced 2,108.42 boe/d in Colorado in 2020, recording a decrease of 10.69% from the same period in 2019.



Smith Energy witnessed the highest oil and gas production in WASHINGTON county in May 2020. Out of all the counties, WASHINGTON county held a share of 80.15% for the firm. The company produced 365.31 boe/d in WASHINGTON county in May 2020, an increase of 19.65% in production when compared with the previous month.

On a YTD basis, the county produced 1,638.76 boe/d for the company in 2020, an 11.29% 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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