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September 16, 2022

Zargon Oil & Gas records 24.04% decrease in production in May 2020

By Carmen

Zargon Oil & Gas recorded a decrease of 24.04% in total oil and gas production to 244.71 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Zargon Oil & Gas declined 37.06% in May 2020 from 388.78 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 14.81% from the same period in 2019.

The company’s oil production declined 24.06% to 243.32 bd in May 2020 from the previous month, while gas production stood at 0.01 mmcf/d. On a YTD basis, oil production decreased by 14.78% in 2020 when compared with the same period in 2019, while gas production declined by 28.57%. Out of the total oil and gas production in May 2020, oil production held a 99.43% share, while gas production held a 0.7% share.


Looking at the states where Zargon Oil & Gas recorded the highest oil and gas production in May 2020, North Dakota figured at the top, accounting for a 100% share. The company produced 244.71 boe/d in the state in May 2020, a decrease of 24.04% from the previous month.

On a YTD basis, the company produced 1,650.43 boe/d in North Dakota in 2020, recording a decrease of 14.81% from the same period in 2019.



Zargon Oil & Gas witnessed the highest oil and gas production in Bottineau county in May 2020. Out of all the counties, Bottineau county held a share of 65.44% for the firm. The company produced 160.13 boe/d in Bottineau county in May 2020, a decrease of 7.51% in production when compared with the previous month.

On a YTD basis, the county produced 888.26 boe/d for the company in 2020, an 8.88% 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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