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July 19, 2022

Stone Oak Operating records 13.7% decrease in production in March 2020

By Carmen

Stone Oak Operating recorded a decrease of 13.7% in total oil and gas production to 603.01 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Stone Oak Operating declined 15.43% in March 2020 from 713.07 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 10.19% from the same period in 2019.

The company’s oil production declined 31.86% to 62.52 bd in March 2020 from the previous month, while gas production declined by 11.08% to 3.13 mmcf/d. On a YTD basis, oil production decreased by 11.38% in 2020 when compared with the same period in 2019, while gas production declined by 9.99%. Out of the total oil and gas production in March 2020, oil production held a 10.37% share, while gas production held an 89.49% share.


Looking at the states where Stone Oak Operating recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 596.93 boe/d in the state in March 2020, a decrease of 13.83% from the previous month.

On a YTD basis, the company produced 1,966.98 boe/d in Oklahoma in 2020, recording a decrease of 11.01% from the same period in 2019.



Stone Oak Operating witnessed the highest oil and gas production in Harper county in March 2020. Out of all the counties, Harper county held a share of 29.27% for the firm. The company produced 176.53 boe/d in Harper county in March 2020, a decrease of 1.33% in production when compared with the previous month.

On a YTD basis, the county produced 609 boe/d for the company in 2020, a 14.56% 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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