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August 22, 2022

Venture Oil & Gas records 27.51% decrease in production in April 2020

By Carmen

Venture Oil & Gas recorded a decrease of 27.51% in total oil and gas production to 7,786.41 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Venture Oil & Gas declined 23.74% in April 2020 from 10,209.94 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 6.43% from the same period in 2019.

The company’s oil production declined 28.34% to 4,948.84 bd in April 2020 from the previous month, while gas production declined by 26.02% to 16.46 mmcf/d. On a YTD basis, oil production decreased by 0.41% in 2020 when compared with the same period in 2019, while gas production rose by 21.32%. Out of the total oil and gas production in April 2020, oil production held a 63.56% share, while gas production held a 36.45% share.


Looking at the states where Venture Oil & Gas recorded the highest oil and gas production in April 2020, Mississippi figured at the top, accounting for a 100% share. The company produced 7,481.55 boe/d in the state in April 2020, a decrease of 28.11% from the previous month.

On a YTD basis, the company produced 40,949.7 boe/d in Mississippi in 2020, recording an increase of 2.92% from the same period in 2019.



Venture Oil & Gas witnessed the highest oil and gas production in Jones county in April 2020. Out of all the counties, Jones county held a share of 38.24% for the firm. The company produced 2,977.15 boe/d in Jones county in April 2020, a decrease of 30.95% in production when compared with the previous month.

On a YTD basis, the county produced 17,581.28 boe/d for the company in 2020, a 4.69% 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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