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August 22, 2022

Verado Energy records 25.85% decrease in production in April 2020

By Carmen

Verado Energy recorded a decrease of 25.85% in total oil and gas production to 2,933.99 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Verado Energy declined 55.13% in April 2020 from 6,539.37 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 38.82% from the same period in 2019.

The company’s oil production declined 53.71% to 479.63 bd in April 2020 from the previous month, while gas production declined by 16.07% to 14.1 mmcf/d. On a YTD basis, oil production decreased by 66.83% in 2020 when compared with the same period in 2019, while gas production declined by 14.03%. Out of the total oil and gas production in April 2020, oil production held a 16.35% share, while gas production held an 82.86% share.


Looking at the states where Verado Energy recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 2,933.99 boe/d in the state in April 2020, a decrease of 25.85% from the previous month.

On a YTD basis, the company produced 16,046.26 boe/d in Texas in 2020, recording a decrease of 38.82% from the same period in 2019.



Verado Energy witnessed the highest oil and gas production in Rusk county in April 2020. Out of all the counties, Rusk county held a share of 59.06% for the firm. The company produced 1,732.79 boe/d in Rusk county in April 2020, an increase of 0.58% in production when compared with the previous month.

On a YTD basis, the county produced 7,324.76 boe/d for the company in 2020, a 55.62% 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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