Basa Resources records 0.71% increase in production in July 2020

Basa Resources recorded an increase of 0.71% in total oil and gas production to 11,841 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Basa Resources declined 12.36% in July 2020 from 13,511.51 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 10.63% from the same period in 2019.

The company’s oil production grew 0.18% to 10,893.91 bd in July 2020 from the previous month, while gas production up by 7.27% to 5.46 mmcf/d. On a YTD basis, oil production decreased by 10.81% in 2020 when compared with the same period in 2019, while gas production declined by 8.07%. Out of the total oil and gas production in July 2020, oil production held a 92% share, while gas production held a 7.95% share.

Looking at the states where Basa Resources recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 11,841 boe/d in the state in July 2020, an increase of 0.71% from the previous month.

On a YTD basis, the company produced 87,595.34 boe/d in Texas in 2020, recording a decrease of 10.63% from the same period in 2019.

Basa Resources witnessed the highest oil and gas production in Stephens county in July 2020. Out of all the counties, Stephens county held a share of 25.52% for the firm. The company produced 3,022.06 boe/d in Stephens county in July 2020, an increase of 2.1% in production when compared with the previous month.

On a YTD basis, the county produced 21,945.92 boe/d for the company in 2020, a 5.96% 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.