Cobra Oil & Gas recorded a decrease of 43.3% in total oil and gas production to 2,927.74 boe/d in May 2020 when compared with the previous month, according to GlobalData ’s USL48 database.
The oil and gas production of Cobra Oil & Gas declined 59.8% in May 2020 from 7,282.55 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 21.51% from the same period in 2019.
The company’s oil production declined 72.73% to 757.49 bd in May 2020 from the previous month, while gas production declined by 9.58% to 10.76 mmcf/d. On a YTD basis, oil production decreased by 16.86% in 2020 when compared with the same period in 2019, while gas production declined by 26.34%. Out of the total oil and gas production in May 2020, oil production held a 25.87% share, while gas production held a 63.36% share.
Looking at the states where Cobra Oil & Gas recorded the highest oil and gas production in May 2020, Michigan figured at the top, accounting for a 41.7% share. The company produced 850.34 boe/d in the state in May 2020, a decrease of 14.88% from the previous month.
On a YTD basis, the company produced 5,422.2 boe/d in Michigan in 2020, recording a decrease of 85.2% from the same period in 2019.
Cobra Oil & Gas witnessed the highest oil and gas production in Uintah county in May 2020. Out of all the counties, Uintah county held a share of 26.18% for the firm. The company produced 766.61 boe/d in Uintah county in May 2020, an increase of 5.78% in production when compared with the previous month.
On a YTD basis, the county produced 4,367.34 boe/d for the company in 2020, a 26.65% 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.