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August 18, 2022

Charro Operating records 13.89% decrease in production in April 2020

By Carmen

Charro Operating recorded a decrease of 13.89% in total oil and gas production to 1,048.05 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Charro Operating declined 22.72% in April 2020 from 1,356.15 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production decreased by 22.5% from the same period in 2019.

The company’s oil production declined 25.42% to 98.46 bd in April 2020 from the previous month, while gas production declined by 12.61% to 5.2 mmcf/d. On a YTD basis, oil production decreased by 7.99% in 2020 when compared with the same period in 2019, while gas production declined by 24.94%. Out of the total oil and gas production in April 2020, oil production held a 9.39% share, while gas production held an 85.54% share.


Looking at the states where Charro Operating recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 1,048.05 boe/d in the state in April 2020, a decrease of 13.89% from the previous month.

On a YTD basis, the company produced 4,979.54 boe/d in Texas in 2020, recording a decrease of 22.5% from the same period in 2019.



Charro Operating witnessed the highest oil and gas production in Jim Hogg county in April 2020. Out of all the counties, Jim Hogg county held a share of 77.4% for the firm. The company produced 811.18 boe/d in Jim Hogg county in April 2020, a decrease of 12.41% in production when compared with the previous month.

On a YTD basis, the county produced 3,737.88 boe/d for the company in 2020, a 24.83% 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.

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