Socorro Exploration recorded a decrease of 23.78% in total oil and gas production to 186.01 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Socorro Exploration declined 19.21% in March 2020 from 230.25 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 2.01% from the same period in 2019.
The company’s oil production declined 23.71% to 184.79 bd in March 2020 from the previous month, while gas production stood at 0.01 mmcf/d. On a YTD basis, oil production increased by 0.3% in 2020 when compared with the same period in 2019, while gas production declined by 69.23%. Out of the total oil and gas production in March 2020, oil production held a 99.34% share, while gas production held a 0.92% share.
Looking at the states where Socorro Exploration recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 186.01 boe/d in the state in March 2020, a decrease of 23.78% from the previous month.
On a YTD basis, the company produced 676.71 boe/d in Texas in 2020, recording a decrease of 2.01% from the same period in 2019.
Socorro Exploration witnessed the highest oil and gas production in Crosby county in March 2020. Out of all the counties, Crosby county held a share of 35.29% for the firm. The company produced 65.65 boe/d in Crosby county in March 2020, a decrease of 3.54% in production when compared with the previous month.
On a YTD basis, the county produced 212.28 boe/d for the company in 2020, a 4.61% 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.