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  1. Market Data
July 19, 2022

Ventana Exploration & Production II records 1.63% decrease in production in March 2020

By Carmen

Ventana Exploration & Production II recorded a decrease of 1.63% in total oil and gas production to 117.27 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ventana Exploration & Production II declined 22.71% in March 2020 from 151.72 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 32.35% from the same period in 2019.

The company’s oil production grew 2.48% to 47.61 bd in March 2020 from the previous month, while gas production declined by 4.76% to 0.4 mmcf/d. On a YTD basis, oil production decreased by 35.53% in 2020 when compared with the same period in 2019, while gas production declined by 29.94%. Out of the total oil and gas production in March 2020, oil production held a 40.6% share, while gas production held a 58.8% share.


Looking at the states where Ventana Exploration & Production II recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 117.27 boe/d in the state in March 2020, a decrease of 1.63% from the previous month.

On a YTD basis, the company produced 355.62 boe/d in Oklahoma in 2020, recording a decrease of 32.35% from the same period in 2019.



Ventana Exploration & Production II witnessed the highest oil and gas production in Canadian county in March 2020. Out of all the counties, Canadian county held a share of 69.68% for the firm. The company produced 81.71 boe/d in Canadian county in March 2020, a decrease of 5.33% in production when compared with the previous month.

On a YTD basis, the county produced 251.35 boe/d for the company in 2020, a 14.46% decrease 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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