Crest Resources recorded a decrease of 49.26% in total oil and gas production to 287.83 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Crest Resources declined 50.96% in July 2020 from 586.96 boe/d in July 2019.
On a YTD basis, the company’s total oil and gas production decreased by 11.01% from the same period in 2019.
The company’s oil production declined 12.95% to 83.36 bd in July 2020 from the previous month, while gas production declined by 58.17% to 1.1 mmcf/d. On a YTD basis, oil production increased by 184.09% in 2020 when compared with the same period in 2019, while gas production declined by 23.68%. Out of the total oil and gas production in July 2020, oil production held a 28.96% share, while gas production held a 65.89% share.
Looking at the states where Crest Resources recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 0.1% share. The company produced 165.33 boe/d in the state in July 2020, a decrease of 6.04% from the previous month.
On a YTD basis, the company produced 1,255.71 boe/d in Texas in 2020, recording a decrease of 70.76% from the same period in 2019.
Crest Resources witnessed the highest oil and gas production in Wheeler county in July 2020. Out of all the counties, Wheeler county held a share of 43.03% for the firm. The company produced 123.86 boe/d in Wheeler county in July 2020, a decrease of 0.3% in production when compared with the previous month.
On a YTD basis, the county produced 1,563.49 boe/d for the company in 2020, a 17.16% 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.