Wtg Exploration recorded a decrease of 35.22% in total oil and gas production to 673.37 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of WTG Exploration declined 43.59% in March 2020 from 1,193.69 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 22.61% from the same period in 2019.

The company’s oil production declined 33.6% to 406 bd in March 2020 from the previous month, while gas production declined by 33.48% to 1.51 mmcf/d. On a YTD basis, oil production decreased by 21.37% in 2020 when compared with the same period in 2019, while gas production declined by 26.54%. Out of the total oil and gas production in March 2020, oil production held a 60.29% share, while gas production held a 38.66% share.


Looking at the states where WTG Exploration recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 671.04 boe/d in the state in March 2020, a decrease of 35.24% from the previous month.

On a YTD basis, the company produced 2,832.11 boe/d in Texas in 2020, recording a decrease of 22.86% from the same period in 2019.



WTG Exploration witnessed the highest oil and gas production in Crockett county in March 2020. Out of all the counties, Crockett county held a share of 18.28% for the firm. The company produced 123.06 boe/d in Crockett county in March 2020, a decrease of 45.34% in production when compared with the previous month.

On a YTD basis, the county produced 569.1 boe/d for the company in 2020, a 26.45% 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.