Chemicals

Northern Oil Production reports 13.02% production decline in March 2020

Northern Oil Production recorded a 13.02% decline in total oil and gas production to 243.07 bpd in March 2020 compared to the previous month, according to GlobalData USL48.

Northern Oil Production rose 4.9% in March 2020 from 231.71 boe/d in March 2019.

Since the beginning of the year, the company’s total oil and gas production has decreased by 6.85% compared to the same period of 2019.

In March 2020, the company’s oil production fell by 12.29% to 225.61 barrels per day compared to the previous month, while gas production fell by 23.08% to 0.1 million ft3/d. Year-to-date, oil production in 2020 is down 7.47% compared to the same period in 2019, while gas production is up 2.94%. Of the total volume of oil and gas production in March 2020, oil production made up 92.82%, gas – 7.09%.

Looking at the states where Northern Oil Production recorded the most oil and gas production in March 2020, Montana took the top spot with a 100% share. In March 2020, the company produced 243.07 barrels per day in the state, which is 13.02% less than in the previous month.

Year-to-date, the company produced 796.19 bpd in Montana in 2020, down 6.85% from the same period in 2019.

Northern Oil Production had the highest oil and gas production in Sheridan County in March 2020. Of all counties, Sheridan County held 81.68% of the company’s stock. In March 2020, the company produced 198.54 bpd in Sheridan County, which represents a 2.9% decrease in production compared to the previous month.

Since the beginning of the year, the district has produced 609.7 barrels of oil per day for the company, which is 11.95% less than in the same period of 2019.

Methodology

All publicly announced well data is included in this analysis, which is taken from the USL48 GlobalData database, which provides information on oil and gas permits and wells as disclosed on government department websites.

GlobalData collects the latest production data and analyzes trends as it becomes available for public disclosure by government departments. Differences, if any, between the activity period and the article date may be due to delays in the release of data.

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https://www.offshore-technology.com/marketdata/northern-oil-production-oil-production-march-2020/ Northern Oil Production reports 13.02% production decline in March 2020

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