Earthstone Energy recorded a decrease of 9.54% in total oil and gas production to 61,548.21 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Earthstone Energy grew 23.57% in April 2020 from 49,808.58 boe/d in April 2019.
On a YTD basis, the company’s total oil and gas production increased by 37.15% from the same period in 2019.
The company’s oil production declined 7.5% to 37,580.04 bd in April 2020 from the previous month, while gas production declined by 12.56% to 139.01 mmcf/d. On a YTD basis, oil production increased by 35.13% in 2020 when compared with the same period in 2019, while gas production rose by 40.47%. Out of the total oil and gas production in April 2020, oil production held a 61.06% share, while gas production held a 38.94% share.
Looking at the states where Earthstone Energy recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 50,685.16 boe/d in the state in April 2020, a decrease of 6.29% from the previous month.
On a YTD basis, the company produced 2,13,824.63 boe/d in Texas in 2020, recording an increase of 10.64% from the same period in 2019.
Earthstone Energy witnessed the highest oil and gas production in Reagan county in April 2020. Out of all the counties, Reagan county held a share of 27.57% for the firm. The company produced 16,966.94 boe/d in Reagan county in April 2020, an increase of 5.07% in production when compared with the previous month.
On a YTD basis, the county produced 75,304.05 boe/d for the company in 2020, a 71.6% 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.