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  1. Market Data
July 19, 2022

U S Oil & Gas records 0.21% increase in production in March 2020

By Carmen

U S Oil & Gas recorded an increase of 0.21% in total oil and gas production to 243.35 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of U S Oil & Gas grew 15.39% in March 2020 from 210.9 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 16.35% from the same period in 2019.

The company’s oil production grew 5.75% to 222.42 bd in March 2020 from the previous month, while gas production declined by 36.84% to 0.12 mmcf/d. On a YTD basis, oil production increased by 16.59% in 2020 when compared with the same period in 2019, while gas production rose by 13.89%. Out of the total oil and gas production in March 2020, oil production held a 91.4% share, while gas production held an 8.5% share.


Looking at the states where U S Oil & Gas recorded the highest oil and gas production in March 2020, Utah figured at the top, accounting for a 100% share. The company produced 243.35 boe/d in the state in March 2020, an increase of 0.21% from the previous month.

On a YTD basis, the company produced 730.6 boe/d in Utah in 2020, recording an increase of 16.35% from the same period in 2019.



U S Oil & Gas witnessed the highest oil and gas production in San Juan county in March 2020. Out of all the counties, San Juan county held a share of 100% for the firm. The company produced 243.35 boe/d in San Juan county in March 2020, an increase of 0.21% in production when compared with the previous month.

On a YTD basis, the county produced 730.6 boe/d for the company in 2020, a 16.35% 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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