Costa Energy recorded an increase of 2.79% in total oil and gas production to 1,798.33 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Costa Energy declined 41.26% in July 2020 from 3,061.59 boe/d in July 2019.
On a YTD basis, the company’s total oil and gas production decreased by 17.13% from the same period in 2019.
The company’s oil production grew 23.3% to 911.52 bd in July 2020 from the previous month, while gas production declined by 13.71% to 4.47 mmcf/d. On a YTD basis, oil production decreased by 20.63% in 2020 when compared with the same period in 2019, while gas production declined by 13.35%. Out of the total oil and gas production in July 2020, oil production held a 50.69% share, while gas production held a 42.85% share.
Looking at the states where Costa Energy recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 1,761.74 boe/d in the state in July 2020, an increase of 8.37% from the previous month.
On a YTD basis, the company produced 15,497.48 boe/d in Texas in 2020, recording a decrease of 21.44% from the same period in 2019.
Costa Energy witnessed the highest oil and gas production in Caldwell county in July 2020. Out of all the counties, Caldwell county held a share of 50.46% for the firm. The company produced 907.35 boe/d in Caldwell county in July 2020, an increase of 24.12% in production when compared with the previous month.
On a YTD basis, the county produced 6,796.93 boe/d for the company in 2020, a 20.92% decrease from the same period in 2019.
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.