Braka Operating records 4.22% decrease in production in July 2020

Braka Operating recorded a decrease of 4.22% in total oil and gas production to 294.34 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Braka Operating declined 22.91% in July 2020 from 381.83 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 15.48% from the same period in 2019.

The company’s oil production declined 13.3% to 29.47 bd in July 2020 from the previous month, while gas production declined by 3.23% to 1.5 mmcf/d. On a YTD basis, oil production decreased by 24.57% in 2020 when compared with the same period in 2019, while gas production declined by 13.4%. Out of the total oil and gas production in July 2020, oil production held a 10.01% share, while gas production held an 87.86% share.

Looking at the states where Braka Operating recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 294.34 boe/d in the state in July 2020, a decrease of 4.22% from the previous month.

On a YTD basis, the company produced 2,253.52 boe/d in Texas in 2020, recording a decrease of 15.48% from the same period in 2019.

Braka Operating witnessed the highest oil and gas production in Stephens county in July 2020. Out of all the counties, Stephens county held a share of 45.59% for the firm. The company produced 134.19 boe/d in Stephens county in July 2020, a decrease of 3.48% in production when compared with the previous month.

On a YTD basis, the county produced 1,032.3 boe/d for the company in 2020, a 14.4% 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.