Venture Oil & Gas recorded a decrease of 10.54% in total oil and gas production to 10,741.23 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Venture Oil & Gas grew 4.93% in March 2020 from 10,236.54 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production increased by 17.9% from the same period in 2019.
The company’s oil production declined 10.23% to 6,905.48 bd in March 2020 from the previous month, while gas production declined by 11.07% to 22.25 mmcf/d. On a YTD basis, oil production increased by 10.53% in 2020 when compared with the same period in 2019, while gas production rose by 33.92%. Out of the total oil and gas production in March 2020, oil production held a 64.29% share, while gas production held a 35.71% share.
Looking at the states where Venture Oil & Gas recorded the highest oil and gas production in March 2020, Mississippi figured at the top, accounting for a 100% share. The company produced 10,406.85 boe/d in the state in March 2020, a decrease of 10.63% from the previous month.
On a YTD basis, the company produced 33,468.15 boe/d in Mississippi in 2020, recording an increase of 14.18% from the same period in 2019.
Venture Oil & Gas witnessed the highest oil and gas production in Jones county in March 2020. Out of all the counties, Jones county held a share of 40.14% for the firm. The company produced 4,311.37 boe/d in Jones county in March 2020, a decrease of 14.51% in production when compared with the previous month.
On a YTD basis, the county produced 14,604.13 boe/d for the company in 2020, a 10.29% increase from the same period in 2019.