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  1. Market Data
August 18, 2022

Chi Operating records 0.61% increase in production in April 2020

By Carmen

Chi Operating recorded an increase of 0.61% in total oil and gas production to 931.65 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Chi Operating declined 7.99% in April 2020 from 1,012.55 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 9.11% from the same period in 2019.

The company’s oil production declined 4.46% to 743.03 bd in April 2020 from the previous month, while gas production up by 26.74% to 1.09 mmcf/d. On a YTD basis, oil production increased by 20.53% in 2020 when compared with the same period in 2019, while gas production declined by 24.62%. Out of the total oil and gas production in April 2020, oil production held a 79.75% share, while gas production held a 20.17% share.


Looking at the states where Chi Operating recorded the highest oil and gas production in April 2020, New Mexico figured at the top, accounting for a 46.15% share. The company produced 637.46 boe/d in the state in April 2020, an increase of 16.09% from the previous month.

On a YTD basis, the company produced 2,509.2 boe/d in New Mexico in 2020, recording a decrease of 29.11% from the same period in 2019.



Chi Operating witnessed the highest oil and gas production in Eddy county in April 2020. Out of all the counties, Eddy county held a share of 66.02% for the firm. The company produced 615.05 boe/d in Eddy county in April 2020, an increase of 14.69% in production when compared with the previous month.

On a YTD basis, the county produced 2,453.24 boe/d for the company in 2020, a 5.73% 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.

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