Welder Exploration & Production recorded a decrease of 5.08% in total oil and gas production to 292.66 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Welder Exploration & Production grew 41.87% in March 2020 from 206.29 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 12.78% from the same period in 2019.
The company’s oil production grew 15.46% to 71.71 bd in March 2020 from the previous month, while gas production declined by 13.08% to 1.13 mmcf/d. On a YTD basis, oil production decreased by 28.71% in 2020 when compared with the same period in 2019, while gas production declined by 8.56%. Out of the total oil and gas production in March 2020, oil production held a 24.5% share, while gas production held a 66.57% share.
Looking at the states where Welder Exploration & Production recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 292.66 boe/d in the state in March 2020, a decrease of 5.08% from the previous month.
On a YTD basis, the company produced 876.37 boe/d in Texas in 2020, recording a decrease of 12.78% from the same period in 2019.
Welder Exploration & Production witnessed the highest oil and gas production in Bee county in March 2020. Out of all the counties, Bee county held a share of 26.38% for the firm. The company produced 77.21 boe/d in Bee county in March 2020, an increase of 2.52% in production when compared with the previous month.
On a YTD basis, the county produced 218.45 boe/d for the company in 2020, a 36.03% decrease from the same period in 2019.
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.