Banner Operating recorded a decrease of 15.45% in total oil and gas production to 667.19 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Banner Operating declined 15.11% in March 2020 from 785.96 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 8.19% from the same period in 2019.
The company’s oil production declined 10% to 221.64 bd in March 2020 from the previous month, while gas production declined by 19.34% to 2.46 mmcf/d. On a YTD basis, oil production decreased by 30.31% in 2020 when compared with the same period in 2019, while gas production rose by 3.19%. Out of the total oil and gas production in March 2020, oil production held a 33.22% share, while gas production held a 63.57% share.
Looking at the states where Banner Operating recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 667.19 boe/d in the state in March 2020, a decrease of 15.45% from the previous month.
On a YTD basis, the company produced 2,285.7 boe/d in Texas in 2020, recording a decrease of 8.19% from the same period in 2019.
Banner Operating witnessed the highest oil and gas production in Tom Green county in March 2020. Out of all the counties, Tom Green county held a share of 91.68% for the firm. The company produced 611.7 boe/d in Tom Green county in March 2020, a decrease of 15.73% in production when compared with the previous month.
On a YTD basis, the county produced 2,112.45 boe/d for the company in 2020, a 6.81% decrease 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.