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  1. Market Data
September 16, 2022

Venture Oil & Gas records 93.64% decrease in production in May 2020

By Carmen

Venture Oil & Gas recorded a decrease of 93.64% in total oil and gas production to 495.39 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Venture Oil & Gas declined 95.17% in May 2020 from 10,263.82 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 14.4% from the same period in 2019.

The company’s oil production declined 90.87% to 451.87 bd in May 2020 from the previous month, while gas production declined by 98.48% to 0.25 mmcf/d. On a YTD basis, oil production decreased by 19.34% in 2020 when compared with the same period in 2019, while gas production declined by 3.75%. Out of the total oil and gas production in May 2020, oil production held a 91.22% share, while gas production held an 8.7% share.


Looking at the states where Venture Oil & Gas recorded the highest oil and gas production in May 2020, Mississippi figured at the top, accounting for a 100% share. The company produced 459.2 boe/d in the state in May 2020, a decrease of 93.86% from the previous month.

On a YTD basis, the company produced 41,408.9 boe/d in Mississippi in 2020, recording a decrease of 17.27% from the same period in 2019.



Venture Oil & Gas witnessed the highest oil and gas production in Smith county in May 2020. Out of all the counties, Smith county held a share of 23.78% for the firm. The company produced 117.78 boe/d in Smith county in May 2020, a decrease of 87.83% in production when compared with the previous month.

On a YTD basis, the county produced 17,627.25 boe/d for the company in 2020, a 24.54% 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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