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August 19, 2022

U S Oil & Gas records 5.65% decrease in production in April 2020

By Carmen

U S Oil & Gas recorded a decrease of 5.65% in total oil and gas production to 229.59 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of U S Oil & Gas grew 1.12% in April 2020 from 227.05 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 12.31% from the same period in 2019.

The company’s oil production declined 6.45% to 208.07 bd in April 2020 from the previous month, while gas production stood at 0.12 mmcf/d. On a YTD basis, oil production increased by 12.97% in 2020 when compared with the same period in 2019, while gas production rose by 8%. Out of the total oil and gas production in April 2020, oil production held a 90.63% share, while gas production held a 9.01% share.


Looking at the states where U S Oil & Gas recorded the highest oil and gas production in April 2020, Utah figured at the top, accounting for a 100% share. The company produced 229.59 boe/d in the state in April 2020, a decrease of 5.65% from the previous month.

On a YTD basis, the company produced 960.19 boe/d in Utah in 2020, recording an increase of 12.31% from the same period in 2019.



U S Oil & Gas witnessed the highest oil and gas production in San Juan county in April 2020. Out of all the counties, San Juan county held a share of 100% for the firm. The company produced 229.59 boe/d in San Juan county in April 2020, a decrease of 5.65% in production when compared with the previous month.

On a YTD basis, the county produced 960.19 boe/d for the company in 2020, a 12.31% increase 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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