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September 16, 2022

Titan Rock Exploration & Production records 3.39% decrease in production in May 2020

By Carmen

Titan Rock Exploration & Production recorded a decrease of 3.39% in total oil and gas production to 35.94 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Titan Rock Exploration & Production declined 45.38% in May 2020 from 65.8 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 37.38% from the same period in 2019.

The company’s gas production declined by 4.55% to 0.21 mmcf/d in May 2020 from the previous month. On a YTD basis, oil production decreased by 49.57% in 2020 when compared with the same period in 2019, while gas production declined by 35.03%. Out of the total oil and gas production in May 2020, gas production held a 100.75% share.


Looking at the states where Titan Rock Exploration & Production recorded the highest oil and gas production in May 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 35.94 boe/d in the state in May 2020, a decrease of 3.39% from the previous month.

On a YTD basis, the company produced 228.12 boe/d in Oklahoma in 2020, recording a decrease of 37.38% from the same period in 2019.



Titan Rock Exploration & Production witnessed the highest oil and gas production in Woods county in May 2020. Out of all the counties, Woods county held a share of 80.91% for the firm. The company produced 29.08 boe/d in Woods county in May 2020, a decrease of 3.58% in production when compared with the previous month.

On a YTD basis, the county produced 159.09 boe/d for the company in 2020, a 35.5% 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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