Discovery Operating recorded a decrease of 90.69% in total oil and gas production to 811.37 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Discovery Operating declined 91.26% in May 2020 from 9,285.74 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production increased by 5.56% from the same period in 2019.
The company’s oil production declined 94.6% to 348.58 bd in May 2020 from the previous month, while gas production declined by 79.74% to 2.65 mmcf/d. On a YTD basis, oil production increased by 8.73% in 2020 when compared with the same period in 2019, while gas production declined by 2.4%. Out of the total oil and gas production in May 2020, oil production held a 42.96% share, while gas production held a 56.31% share.
Looking at the states where Discovery Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 795.57 boe/d in the state in May 2020, a decrease of 90.86% from the previous month.
On a YTD basis, the company produced 39,993.83 boe/d in Texas in 2020, recording an increase of 5.25% from the same period in 2019.
Discovery Operating witnessed the highest oil and gas production in Midland county in May 2020. Out of all the counties, Midland county held a share of 57.17% for the firm. The company produced 463.89 boe/d in Midland county in May 2020, a decrease of 92.33% in production when compared with the previous month.
On a YTD basis, the county produced 29,024.61 boe/d for the company in 2020, a 7.24% increase 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.