Chaco Energy recorded a decrease of 19.28% in total oil and gas production to 875.04 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Chaco Energy declined 21.04% in May 2020 from 1,108.24 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 5.88% from the same period in 2019.
The company’s oil production declined 12.65% to 354.12 bd in May 2020 from the previous month, while gas production declined by 23.35% to 3.02 mmcf/d. On a YTD basis, oil production decreased by 1.07% in 2020 when compared with the same period in 2019, while gas production declined by 8.61%. Out of the total oil and gas production in May 2020, oil production held a 40.47% share, while gas production held a 59.5% share.
Looking at the states where Chaco Energy recorded the highest oil and gas production in May 2020, Oklahoma figured at the top, accounting for a 69.22% share. The company produced 418.21 boe/d in the state in May 2020, a decrease of 27.01% from the previous month.
On a YTD basis, the company produced 2,886.68 boe/d in Oklahoma in 2020, recording a decrease of 49.25% from the same period in 2019.
Chaco Energy witnessed the highest oil and gas production in Campbell county in May 2020. Out of all the counties, Campbell county held a share of 14.02% for the firm. The company produced 122.68 boe/d in Campbell county in May 2020, a decrease of 7.38% in production when compared with the previous month.
On a YTD basis, the county produced 634.43 boe/d for the company in 2020, a 6.14% decrease from the same period in 2019.
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.