Ascent Resources Marcellus Holdings recorded a decrease of 0.51% in total oil and gas production to 20,827.86 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ascent Resources Marcellus Holdings grew 53.12% in June 2020 from 13,602.57 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 37.59% from the same period in 2019.

The company’s oil production declined 12.47% to 265.2 bd in June 2020 from the previous month, while gas production declined by 0.31% to 87.29 mmcf/d. On a YTD basis, oil production increased by 54.31% in 2020 when compared with the same period in 2019, while gas production rose by 32.24%. Out of the total oil and gas production in June 2020, oil production held a 1.27% share, while gas production held a 72.26% share.


Looking at the states where Ascent Resources Marcellus Holdings recorded the highest oil and gas production in June 2020, West Virginia figured at the top, accounting for a 100% share. The company produced 20,827.86 boe/d in the state in June 2020, a decrease of 0.51% from the previous month.

On a YTD basis, the company produced 1,12,676.78 boe/d in West Virginia in 2020, recording an increase of 37.59% from the same period in 2019.



Ascent Resources Marcellus Holdings witnessed the highest oil and gas production in Wetzel county in June 2020. Out of all the counties, Wetzel county held a share of 99.49% for the firm. The company produced 20,722.44 boe/d in Wetzel county in June 2020, a decrease of 0.56% in production when compared with the previous month.

On a YTD basis, the county produced 1,12,078.82 boe/d for the company in 2020, a 38.19% increase 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.