Beartooth Oil & Gas records 21.24% increase in production in July 2020

Beartooth Oil & Gas recorded an increase of 21.24% in total oil and gas production to 235.42 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Beartooth Oil & Gas declined 24.28% in July 2020 from 310.92 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 17.46% from the same period in 2019.

The company’s oil production grew 499.28% to 50.16 bd in July 2020 from the previous month, while gas production declined by 0.93% to 1.07 mmcf/d. On a YTD basis, oil production decreased by 46.21% in 2020 when compared with the same period in 2019, while gas production declined by 3.52%. Out of the total oil and gas production in July 2020, oil production held a 21.31% share, while gas production held a 78.36% share.

Looking at the states where Beartooth Oil & Gas recorded the highest oil and gas production in July 2020, Utah figured at the top, accounting for a 29.72% share. The company produced 159.25 boe/d in the state in July 2020, a decrease of 1.3% from the previous month.

On a YTD basis, the company produced 1,138.99 boe/d in Utah in 2020, recording a decrease of 41.94% from the same period in 2019.

Beartooth Oil & Gas witnessed the highest oil and gas production in Grand county in July 2020. Out of all the counties, Grand county held a share of 59.66% for the firm. The company produced 140.45 boe/d in Grand county in July 2020, an increase of 0.44% in production when compared with the previous month.

On a YTD basis, the county produced 942.21 boe/d for the company in 2020, a 4.5% 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.