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July 14, 2022

Woodford Shale production declined by 6.13% in March 2020

By Carmen

Woodford Shale witnessed a decrease of 6.13% in total oil and gas production to 3,40,934.03 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production in Woodford declined 11.75% in March 2020 from 3,86,333.1 boe/d in March 2019. On a YTD basis, the total oil and gas production in the play decreased by 11.23% from the same period in 2019.

In Woodford, oil production declined 6.2% in March 2020 as compared with the previous month, while gas production decreased by 6.09% to 1,310 mmcf/d.

On a YTD basis, oil production in the play decreased by 9.06% in 2020 when compared with the same period in 2019, while gas production declined by 12.27%. Out of the total oil and gas production in March 2020, oil held a 33.75% share, while gas had a 66.25% share.


In Woodford, Trinity Operating emerged as the largest oil and gas producer, recording a total oil and gas production at 42,864.76 boe/d in March 2020, a decrease of 3.43% from the previous month. The company held a 0.2% share in oil production and 18.88% share in gas production in March 2020.

On a YTD basis, the company registered a 13.07% decrease in total oil and gas production from the same period in 2019.



Compared with other counties within Woodford Shale, Pittsburg county recorded the highest oil and gas production, holding a 17.6% share in March 2020. The county witnessed a 4.06% decrease in production to 59,997.61 boe/d in March 2020 when compared with the previous month.

On a YTD basis, it registered a decline of 5.72% in total production 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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