Blackwell Exploration & Development records 3% increase in production in July 2020

Blackwell Exploration & Development recorded an increase of 3% in total oil and gas production to 3,492.42 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Blackwell Exploration & Development grew 27.44% in July 2020 from 2,740.48 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production increased by 31.2% from the same period in 2019.

The company’s oil production grew 18.4% to 708.61 bd in July 2020 from the previous month, while gas production up by 0.51% to 13.71 mmcf/d. On a YTD basis, oil production decreased by 18.99% in 2020 when compared with the same period in 2019, while gas production rose by 49.87%. Out of the total oil and gas production in July 2020, oil production held a 20.29% share, while gas production held a 67.68% share.

Looking at the states where Blackwell Exploration & Development recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 3,394.64 boe/d in the state in July 2020, an increase of 3.17% from the previous month.

On a YTD basis, the company produced 23,392.02 boe/d in Texas in 2020, recording an increase of 26.36% from the same period in 2019.

Blackwell Exploration & Development witnessed the highest oil and gas production in Wood county in July 2020. Out of all the counties, Wood county held a share of 90.48% for the firm. The company produced 3,159.79 boe/d in Wood county in July 2020, an increase of 1.41% in production when compared with the previous month.

On a YTD basis, the county produced 21,511.34 boe/d for the company in 2020, a 48.36% 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.