Caird Operating recorded an increase of 160.34% in total oil and gas production to 193.3 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Caird Operating declined 45.99% in June 2020 from 357.88 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 54.99% from the same period in 2019.

The company’s oil production grew 205.11% to 162.9 bd in June 2020 from the previous month, while gas production up by 50% to 0.18 mmcf/d. On a YTD basis, oil production decreased by 40.39% in 2020 when compared with the same period in 2019, while gas production declined by 71.95%. Out of the total oil and gas production in June 2020, oil production held an 84.27% share, while gas production held a 16.05% share.


Looking at the states where Caird Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 193.3 boe/d in the state in June 2020, an increase of 160.34% from the previous month.

On a YTD basis, the company produced 1,109.03 boe/d in Texas in 2020, recording a decrease of 54.99% from the same period in 2019.



Caird Operating witnessed the highest oil and gas production in Reeves county in June 2020. Out of all the counties, Reeves county held a share of 70.7% for the firm. The company produced 136.67 boe/d in Reeves county in June 2020, an increase of 102.71% in production when compared with the previous month.

On a YTD basis, the county produced 850.89 boe/d for the company in 2020, a 55.73% 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.