Utah witnessed an increase of 5.93% in total oil and gas production to 1,98,065.64 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production declined 13.52% in July 2020 from 2,29,030.77 boe/d in July 2019. On a YTD basis, the total oil and gas production in 2020 decreased by 12.7% from the same period in 2019.
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In July 2020, oil production grew 11.32% to 84,753.74 bd as against the previous month, while gas production up by 2.22% to 657.21 mmcf/d.
On a YTD basis, oil production decreased by 16.67% in 2020 when compared with the same period in 2019, while gas production declined by 9.56%. Out of the total oil and gas production in July 2020, oil held a 42.79% share, while gas had a 57.21% share.
In Utah, Caerus Production emerged as the largest oil and gas producer, recording a total oil and gas production at 38,446.95 boe/d in July 2020, an increase of 3.02% from the previous month. The company held a 0.97% share in oil production and 33.2% share in gas production in July 2020.
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By GlobalDataOn a YTD basis, the company registered a 13.23% decrease in total oil and gas production from the same period in 2019.
Compared with other counties in Utah, Uintah county recorded the highest oil and gas production, holding a 47.51% share in July 2020. The county witnessed a 4.66% increase in production to 94,093.03 boe/d in July 2020 when compared with the previous month.
On a YTD basis, Uintah registered a decline of 10% in total production 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.
