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July 14, 2022

Chisos records 41.39% decrease in production in March 2020

By Carmen

Chisos recorded a decrease of 41.39% in total oil and gas production to 162.76 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Chisos declined 51.32% in March 2020 from 334.34 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production decreased by 28.85% from the same period in 2019.

The company’s oil production declined 88.24% to 0.26 bd in March 2020 from the previous month, while gas production declined by 41.25% to 0.94 mmcf/d. On a YTD basis, oil production decreased by 91.18% in 2020 when compared with the same period in 2019, while gas production declined by 26.03%. Out of the total oil and gas production in March 2020, oil production held a 0.16% share, while gas production held a 99.58% share.


Looking at the states where Chisos recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 153.21 boe/d in the state in March 2020, a decrease of 41.85% from the previous month.

On a YTD basis, the company produced 678.32 boe/d in Texas in 2020, recording a decrease of 32.54% from the same period in 2019.



Chisos witnessed the highest oil and gas production in Rusk county in March 2020. Out of all the counties, Rusk county held a share of 53.74% for the firm. The company produced 87.47 boe/d in Rusk county in March 2020, a decrease of 45.85% in production when compared with the previous month.

On a YTD basis, the county produced 408.93 boe/d for the company in 2020, a 26.5% 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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