Sarita Energy Resources records 13.59% drop in production in March 2020

Sarita Energy Resources recorded a 13.59% decline in total oil and gas production to 400.98 boe/d in March 2020 from the previous month, according to GlobalData’s USL48 database.

Sarita Energy Resources oil and gas production fell 11.73% in March 2020 from 454.26 boe/d in March 2019.

Year-to-date, the company’s total oil and gas production is down 5.31% from the same period in 2019.

The company’s oil production fell 10.64% to 146.32 bd in March 2020 from the previous month, while gas production fell 15.88% to 1.43 mmcf/d. Year-to-date, oil production increased by 19.02% in 2020 compared to the same period in 2019, while gas production decreased by 14.49%. Of the total oil and gas production in March 2020, oil production held a share of 36.49%, while gas production held a share of 61.49%.

Looking at the states where Sarita Energy Resources recorded the highest oil and gas production in March 2020, Texas was in the lead, accounting for a 100% share. The company produced 400.98 boe/d in the state in March 2020, down 13.59% from the prior month.

On a YTD basis, the company produced 1,324.85 boe/d in Texas in 2020, down 5.31% from the same period in 2019.

Sarita Energy Resources had the highest oil and gas production in Kenedy County in March 2020. Of all the counties, Kenedy County held a 92.1% share for the company. The company produced 369.31 boe/d in Kenedy County in March 2020, a 4.32% decline in production from the prior month.

Year-to-date, the county produced 1,115.63 boe/d for the company in 2020, an increase of 0.45% over the same period in 2019.

Methodology

All publicly announced well data is included in this analysis, which is drawn from GlobalData’s USL48 database which provides information on oil and gas permits and wells as disclosed by State Department sites.

GlobalData collects the latest production data and analyzes trends when made public by state departments. Differences, if any, between the activity period and the article date can be attributed to delays in the publication of data.

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