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July 19, 2022

Upham Oil & Gas records 2.79% increase in production in March 2020

By Carmen

Upham Oil & Gas recorded an increase of 2.79% in total oil and gas production to 502.03 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Upham Oil & Gas grew 5.1% in March 2020 from 477.69 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 2.64% from the same period in 2019.

The company’s oil production declined 7.14% to 40.06 bd in March 2020 from the previous month, while gas production up by 3.92% to 2.65 mmcf/d. On a YTD basis, oil production decreased by 5.53% in 2020 when compared with the same period in 2019, while gas production rose by 3.49%. Out of the total oil and gas production in March 2020, oil production held a 7.98% share, while gas production held a 91.01% share.


Looking at the states where Upham Oil & Gas recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 502.03 boe/d in the state in March 2020, an increase of 2.79% from the previous month.

On a YTD basis, the company produced 1,470.64 boe/d in Texas in 2020, recording an increase of 2.64% from the same period in 2019.



Upham Oil & Gas witnessed the highest oil and gas production in Wise county in March 2020. Out of all the counties, Wise county held a share of 59.08% for the firm. The company produced 296.59 boe/d in Wise county in March 2020, an increase of 0.33% in production when compared with the previous month.

On a YTD basis, the county produced 878.94 boe/d for the company in 2020, a 1.87% 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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