AVAD Operating recorded an increase of 42.01% in total oil and gas production to 1,348.42 boe/d in June 2020 when compared with the previous month, according to GlobalData ’s USL48 database.

The oil and gas production of AVAD Operating declined 37.51% in June 2020 from 2,157.71 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 24.06% from the same period in 2019.

The company’s oil production grew 45.48% to 1,301.23 bd in June 2020 from the previous month, while gas production declined by 15.63% to 0.27 mmcf/d. On a YTD basis, oil production decreased by 24.46% in 2020 when compared with the same period in 2019, while gas production declined by 15.84%. Out of the total oil and gas production in June 2020, oil production held a 96.5% share, while gas production held a 3.45% share.


Looking at the states where AVAD Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 1,066.3 boe/d in the state in June 2020, an increase of 17.75% from the previous month.

On a YTD basis, the company produced 7,938.13 boe/d in Texas in 2020, recording a decrease of 38.86% from the same period in 2019.



AVAD Operating witnessed the highest oil and gas production in Crane county in June 2020. Out of all the counties, Crane county held a share of 77.59% for the firm. The company produced 1,046.21 boe/d in Crane county in June 2020, an increase of 17.76% in production when compared with the previous month.

On a YTD basis, the county produced 7,789.57 boe/d for the company in 2020, a 23.47% 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.