Peles recorded a decrease of 18.12% in total oil and gas production to 397.89 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Peles declined 16.92% in April 2020 from 478.93 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 6.58% from the same period in 2019.

The company’s oil production declined 18.75% to 325.59 bd in April 2020 from the previous month, while gas production declined by 14.29% to 0.42 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 5.61%. Out of the total oil and gas production in April 2020, oil production held an 81.83% share, while gas production held an 18.2% share.


Looking at the states where Peles recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 397.89 boe/d in the state in April 2020, a decrease of 18.12% from the previous month.

On a YTD basis, the company produced 1,912.53 boe/d in Texas in 2020, recording a decrease of 6.58% from the same period in 2019.



Peles witnessed the highest oil and gas production in Cherokee county in April 2020. Out of all the counties, Cherokee county held a share of 52.87% for the firm. The company produced 210.35 boe/d in Cherokee county in April 2020, a decrease of 16.38% in production when compared with the previous month.

On a YTD basis, the county produced 1,011.44 boe/d for the company in 2020, a 4.06% 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.