Charro Operating recorded a decrease of 17.99% in total oil and gas production to 848.26 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Charro Operating declined 36.68% in June 2020 from 1,339.62 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 24.65% from the same period in 2019.

The company’s oil production grew 69.4% to 113.92 bd in June 2020 from the previous month, while gas production declined by 26.53% to 3.96 mmcf/d. On a YTD basis, oil production decreased by 17.24% in 2020 when compared with the same period in 2019, while gas production declined by 26.5%. Out of the total oil and gas production in June 2020, oil production held a 13.43% share, while gas production held an 80.49% share.


Looking at the states where Charro Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 848.26 boe/d in the state in June 2020, a decrease of 17.99% from the previous month.

On a YTD basis, the company produced 6,960.99 boe/d in Texas in 2020, recording a decrease of 24.65% from the same period in 2019.



Charro Operating witnessed the highest oil and gas production in Jim Hogg county in June 2020. Out of all the counties, Jim Hogg county held a share of 76.37% for the firm. The company produced 647.79 boe/d in Jim Hogg county in June 2020, a decrease of 22.36% in production when compared with the previous month.

On a YTD basis, the county produced 5,220 boe/d for the company in 2020, a 26.87% 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.