Element Petroleum Op III recorded an increase of 56.08% in total oil and gas production to 2,924.07 boe/d in June 2020 when compared with the previous month, according to GlobalData ’s USL48 database.

The oil and gas production of Element Petroleum Op III grew 91.65% in June 2020 from 1,525.76 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 76.42% from the same period in 2019.

The company’s oil production grew 54.38% to 2,659.75 bd in June 2020 from the previous month, while gas production up by 75.86% to 1.53 mmcf/d. On a YTD basis, oil production increased by 82.05% in 2020 when compared with the same period in 2019, while gas production rose by 1.37%. Out of the total oil and gas production in June 2020, oil production held a 90.96% share, while gas production held a 9.02% share.


Looking at the states where Element Petroleum Op III recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 2,924.07 boe/d in the state in June 2020, an increase of 56.08% from the previous month.

On a YTD basis, the company produced 15,991.46 boe/d in Texas in 2020, recording an increase of 76.42% from the same period in 2019.



Element Petroleum Op III witnessed the highest oil and gas production in Martin county in June 2020. Out of all the counties, Martin county held a share of 100% for the firm. The company produced 2,924.06 boe/d in Martin county in June 2020, an increase of 56.08% in production when compared with the previous month.

On a YTD basis, the county produced 15,991.32 boe/d for the company in 2020, a 76.42% increase 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.