Citation Oil & Gas recorded a decrease of 10.13% in total oil and gas production to 23,112.32 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Citation Oil & Gas declined 19.08% in May 2020 from 28,563.54 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 7.24% from the same period in 2019.
The company’s oil production declined 6.59% to 20,018.7 bd in May 2020 from the previous month, while gas production declined by 27.61% to 17.91 mmcf/d. On a YTD basis, oil production decreased by 6.8% in 2020 when compared with the same period in 2019, while gas production declined by 9.45%. Out of the total oil and gas production in May 2020, oil production held an 86.61% share, while gas production held a 13.36% share.
Looking at the states where Citation Oil & Gas recorded the highest oil and gas production in May 2020, Oklahoma figured at the top, accounting for a 13.41% share. The company produced 11,270.55 boe/d in the state in May 2020, a decrease of 5.91% from the previous month.
On a YTD basis, the company produced 60,972.43 boe/d in Oklahoma in 2020, recording a decrease of 57.38% from the same period in 2019.
Citation Oil & Gas witnessed the highest oil and gas production in Carter county in May 2020. Out of all the counties, Carter county held a share of 23.32% for the firm. The company produced 5,389.33 boe/d in Carter county in May 2020, a decrease of 10.94% in production when compared with the previous month.
On a YTD basis, the county produced 30,470.11 boe/d for the company in 2020, a 7.43% 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.