Discovery Operating recorded an increase of 516.84% in total oil and gas production to 4,970.58 boe/d in June 2020 when compared with the previous month, according to GlobalData ’s USL48 database.

The oil and gas production of Discovery Operating declined 47.41% in June 2020 from 9,451.45 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 5.06% from the same period in 2019.

The company’s oil production grew 1057.94% to 4,036.36 bd in June 2020 from the previous month, while gas production up by 105.32% to 5.4 mmcf/d. On a YTD basis, oil production decreased by 2.64% in 2020 when compared with the same period in 2019, while gas production declined by 11.51%. Out of the total oil and gas production in June 2020, oil production held an 81.21% share, while gas production held an 18.73% share.


Looking at the states where Discovery Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 4,952.31 boe/d in the state in June 2020, an increase of 526.87% from the previous month.

On a YTD basis, the company produced 44,940.16 boe/d in Texas in 2020, recording a decrease of 5.34% from the same period in 2019.



Discovery Operating witnessed the highest oil and gas production in Midland county in June 2020. Out of all the counties, Midland county held a share of 47.8% for the firm. The company produced 2,375.73 boe/d in Midland county in June 2020, an increase of 409.26% in production when compared with the previous month.

On a YTD basis, the county produced 31,434.07 boe/d for the company in 2020, a 7.72% 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.