1776 Energy Operators recorded a decrease of 80.71% in total oil and gas production to 533.71 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of 1776 Energy Operators declined 83.32% in May 2020 from 3,199.07 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 29.59% from the same period in 2019.
The company’s oil production declined 74.77% to 510.46 bd in May 2020 from the previous month, while gas production declined by 96.98% to 0.13 mmcf/d. On a YTD basis, oil production decreased by 26.04% in 2020 when compared with the same period in 2019, while gas production declined by 38.9%. Out of the total oil and gas production in May 2020, oil production held a 95.64% share, while gas production held a 4.2% share.
Looking at the states where 1776 Energy Operators recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 533.71 boe/d in the state in May 2020, a decrease of 80.71% from the previous month.
On a YTD basis, the company produced 13,634.78 boe/d in Texas in 2020, recording a decrease of 29.59% from the same period in 2019.
1776 Energy Operators witnessed the highest oil and gas production in Karnes county in May 2020. Out of all the counties, Karnes county held a share of 67.29% for the firm. The company produced 359.13 boe/d in Karnes county in May 2020, a decrease of 46.82% in production when compared with the previous month.
On a YTD basis, the county produced 9,073.64 boe/d for the company in 2020, a 6.02% increase 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.