Chesapeake Energy records 4.47% increase in production in July 2020

Chesapeake Energy recorded an increase of 4.47% in total oil and gas production to 6,55,960.15 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Chesapeake Energy grew 9.4% in July 2020 from 5,99,606.68 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production increased by 4.65% from the same period in 2019.

The company’s oil production declined 53.69% to 3.45 bd in July 2020 from the previous month, while gas production up by 4.47% to 3,804.55 mmcf/d. On a YTD basis, oil production decreased by 69.94% in 2020 when compared with the same period in 2019, while gas production rose by 4.65%. Out of the total oil and gas production in July 2020, gas production held a 100% share.

Looking at the states where Chesapeake Energy recorded the highest oil and gas production in July 2020, Pennsylvania figured at the top. The company produced 6,55,031.7 boe/d in the state in July 2020, an increase of 4.49% from the previous month.

On a YTD basis, the company produced 42,90,299.16 boe/d in Pennsylvania in 2020, recording an increase of 4.49% from the same period in 2019.

Chesapeake Energy witnessed the highest oil and gas production in Bradford county in July 2020. Out of all the counties, Bradford county held a share of 50.32% for the firm. The company produced 3,30,053.87 boe/d in Bradford county in July 2020, an increase of 7.81% in production when compared with the previous month.

On a YTD basis, the county produced 21,66,749.22 boe/d for the company in 2020, a 2.97% 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.