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July 14, 2022

Charter Oak Production records 3.75% increase in production in March 2020

By Carmen

Charter Oak Production recorded an increase of 3.75% in total oil and gas production to 1,386.47 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Charter Oak Production declined 21.05% in March 2020 from 1,756.19 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 18.17% from the same period in 2019.

The company’s oil production grew 7.35% to 822.2 bd in March 2020 from the previous month, while gas production declined by 1.21% to 3.27 mmcf/d. On a YTD basis, oil production increased by 4.91% in 2020 when compared with the same period in 2019, while gas production declined by 35.88%. Out of the total oil and gas production in March 2020, oil production held a 59.3% share, while gas production held a 40.66% share.


Looking at the states where Charter Oak Production recorded the highest oil and gas production in March 2020, Oklahoma figured at the top, accounting for a 74.47% share. The company produced 794.65 boe/d in the state in March 2020, an increase of 6.59% from the previous month.

On a YTD basis, the company produced 2,134.37 boe/d in Oklahoma in 2020, recording a decrease of 56.09% from the same period in 2019.



Charter Oak Production witnessed the highest oil and gas production in Lipscomb county in March 2020. Out of all the counties, Lipscomb county held a share of 37.43% for the firm. The company produced 518.9 boe/d in Lipscomb county in March 2020, an increase of 2.61% in production when compared with the previous month.

On a YTD basis, the county produced 1,599.81 boe/d for the company in 2020, a 38% 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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