Caribou Operating recorded an increase of 14.16% in total oil and gas production to 223.46 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Caribou Operating grew 102.39% in June 2020 from 110.41 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 68.72% from the same period in 2019.

The company’s oil production grew 5.99% to 50.6 bd in June 2020 from the previous month, while gas production up by 16.28% to 1 mmcf/d. On a YTD basis, oil production increased by 38.59% in 2020 when compared with the same period in 2019, while gas production rose by 81.25%. Out of the total oil and gas production in June 2020, oil production held a 22.64% share, while gas production held a 77.15% share.


Looking at the states where Caribou Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 223.46 boe/d in the state in June 2020, an increase of 14.16% from the previous month.

On a YTD basis, the company produced 1,048.41 boe/d in Texas in 2020, recording an increase of 68.72% from the same period in 2019.



Caribou Operating witnessed the highest oil and gas production in Jack county in June 2020. Out of all the counties, Jack county held a share of 100% for the firm. The company produced 223.46 boe/d in Jack county in June 2020, an increase of 14.16% in production when compared with the previous month.

On a YTD basis, the county produced 1,048.41 boe/d for the company in 2020, a 68.72% 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.