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  1. Market Data
September 16, 2022

Texland Petroleum records 84.38% decrease in production in May 2020

By Carmen

Texland Petroleum recorded a decrease of 84.38% in total oil and gas production to 675.87 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Texland Petroleum declined 89.36% in May 2020 from 6,354.78 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 25.94% from the same period in 2019.

The company’s oil production declined 85.31% to 604.12 bd in May 2020 from the previous month, while gas production declined by 66.4% to 0.42 mmcf/d. On a YTD basis, oil production decreased by 24.92% in 2020 when compared with the same period in 2019, while gas production declined by 40.34%. Out of the total oil and gas production in May 2020, oil production held an 89.38% share, while gas production held a 10.71% share.


Looking at the states where Texland Petroleum recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 607.88 boe/d in the state in May 2020, a decrease of 85.11% from the previous month.

On a YTD basis, the company produced 22,592.99 boe/d in Texas in 2020, recording a decrease of 30.52% from the same period in 2019.



Texland Petroleum witnessed the highest oil and gas production in Andrews county in May 2020. Out of all the counties, Andrews county held a share of 22.31% for the firm. The company produced 150.81 boe/d in Andrews county in May 2020, a decrease of 91.3% in production when compared with the previous month.

On a YTD basis, the county produced 8,646.03 boe/d for the company in 2020, a 21.97% 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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