V F Petroleum recorded a decrease of 7.79% in total oil and gas production to 643.98 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of V F Petroleum declined 2.83% in March 2020 from 662.75 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production increased by 1.61% from the same period in 2019.
The company’s oil production declined 10.99% to 405.15 bd in March 2020 from the previous month, while gas production declined by 2.13% to 1.38 mmcf/d. On a YTD basis, oil production decreased by 0.52% in 2020 when compared with the same period in 2019, while gas production rose by 6.12%. Out of the total oil and gas production in March 2020, oil production held a 62.91% share, while gas production held a 36.95% share.
Looking at the states where V F Petroleum recorded the highest oil and gas production in March 2020, New Mexico figured at the top, accounting for a 50.79% share. The company produced 427.08 boe/d in the state in March 2020, an increase of 0.82% from the previous month.
On a YTD basis, the company produced 1,267.17 boe/d in New Mexico in 2020, recording a decrease of 37.94% from the same period in 2019.
V F Petroleum witnessed the highest oil and gas production in Lea county in March 2020. Out of all the counties, Lea county held a share of 52.04% for the firm. The company produced 335.11 boe/d in Lea county in March 2020, a decrease of 1.02% in production when compared with the previous month.
On a YTD basis, the county produced 998.55 boe/d for the company in 2020, a 7.36% decrease from the same period in 2019.
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.