Energy K records 8.01% decrease in production in July 2020

Energy K recorded a decrease of 8.01% in total oil and gas production to 8,837.53 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Energy K declined 29.98% in July 2020 from 12,621.11 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 21.71% from the same period in 2019.

The company’s oil production declined 15.28% to 58.48 bd in July 2020 from the previous month, while gas production declined by 6.62% to 50.35 mmcf/d. On a YTD basis, oil production decreased by 14.81% in 2020 when compared with the same period in 2019, while gas production declined by 21.65%. Out of the total oil and gas production in July 2020, oil production held a 0.66% share, while gas production held a 98.23% share.

Looking at the states where Energy K recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 8,837.53 boe/d in the state in July 2020, a decrease of 8.01% from the previous month.

On a YTD basis, the company produced 73,997.56 boe/d in Texas in 2020, recording a decrease of 21.71% from the same period in 2019.

Energy K witnessed the highest oil and gas production in Rusk county in July 2020. Out of all the counties, Rusk county held a share of 80% for the firm. The company produced 7,070.26 boe/d in Rusk county in July 2020, a decrease of 8.56% in production when compared with the previous month.

On a YTD basis, the county produced 60,039.71 boe/d for the company in 2020, an 18.22% 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.