Valkyrie Operating recorded a decrease of 69.47% in total oil and gas production to 269.97 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Valkyrie Operating declined 81.52% in May 2020 from 1,460.64 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 21.36% from the same period in 2019.
The company’s oil production declined 69.67% to 242.68 bd in May 2020 from the previous month, while gas production declined by 67.35% to 0.16 mmcf/d. On a YTD basis, oil production decreased by 22.26% in 2020 when compared with the same period in 2019, while gas production declined by 8%. Out of the total oil and gas production in May 2020, oil production held an 89.89% share, while gas production held a 10.22% share.
Looking at the states where Valkyrie Operating recorded the highest oil and gas production in May 2020, North Dakota figured at the top, accounting for a 12.7% share. The company produced 239.55 boe/d in the state in May 2020, a decrease of 59.05% from the previous month.
On a YTD basis, the company produced 2,680.31 boe/d in North Dakota in 2020, recording a decrease of 60.75% from the same period in 2019.
Valkyrie Operating witnessed the highest oil and gas production in Divide county in May 2020. Out of all the counties, Divide county held a share of 88.73% for the firm. The company produced 239.55 boe/d in Divide county in May 2020, a decrease of 59.05% in production when compared with the previous month.
On a YTD basis, the county produced 2,680.31 boe/d for the company in 2020, a 27.65% 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.