ELK River Resources records 11.02% decrease in production in July 2020

ELK River Resources recorded a decrease of 11.02% in total oil and gas production to 1,215 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of ELK River Resources declined 4.97% in July 2020 from 1,278.49 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 22.39% from the same period in 2019.

The company’s oil production declined 12.55% to 595.94 bd in July 2020 from the previous month, while gas production declined by 9.57% to 3.59 mmcf/d. On a YTD basis, oil production decreased by 42.67% in 2020 when compared with the same period in 2019, while gas production rose by 46.63%. Out of the total oil and gas production in July 2020, oil production held a 49.05% share, while gas production held a 50.94% share.

Looking at the states where ELK River Resources recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 1,215 boe/d in the state in July 2020, a decrease of 11.02% from the previous month.

On a YTD basis, the company produced 8,994.8 boe/d in Texas in 2020, recording a decrease of 22.39% from the same period in 2019.

ELK River Resources witnessed the highest oil and gas production in Reeves county in July 2020. Out of all the counties, Reeves county held a share of 100% for the firm. The company produced 1,215 boe/d in Reeves county in July 2020, a decrease of 11.02% in production when compared with the previous month.

On a YTD basis, the county produced 8,994.8 boe/d for the company in 2020, a 22.39% 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.