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September 16, 2022

UpCurve Energy records 40.38% decrease in production in May 2020

By Carmen

UpCurve Energy recorded a decrease of 40.38% in total oil and gas production to 6,853.58 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of UpCurve Energy declined 40.25% in May 2020 from 11,470.28 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 20.68% from the same period in 2019.

The company’s oil production declined 37.09% to 1,056.26 bd in May 2020 from the previous month, while gas production declined by 42.74% to 19.01 mmcf/d. On a YTD basis, oil production increased by 38.08% in 2020 when compared with the same period in 2019, while gas production rose by 34.25%. Out of the total oil and gas production in May 2020, oil production held a 15.41% share, while gas production held a 47.82% share.


Looking at the states where UpCurve Energy recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 6,853.58 boe/d in the state in May 2020, a decrease of 40.38% from the previous month.

On a YTD basis, the company produced 61,530.27 boe/d in Texas in 2020, recording an increase of 20.68% from the same period in 2019.



UpCurve Energy witnessed the highest oil and gas production in Reeves county in May 2020. Out of all the counties, Reeves county held a share of 100% for the firm. The company produced 6,853.58 boe/d in Reeves county in May 2020, a decrease of 40.38% in production when compared with the previous month.

On a YTD basis, the county produced 61,530.27 boe/d for the company in 2020, a 20.68% 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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