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August 18, 2022

Extech Operating records 38.88% decrease in production in April 2020

By Carmen

Extech Operating recorded a decrease of 38.88% in total oil and gas production to 148.89 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Extech Operating declined 62.69% in April 2020 from 399.03 boe/d in April 2019.

On a YTD basis, the company’s total oil and gas production increased by 15.92% from the same period in 2019.

The company’s oil production declined 7.2% to 27.6 bd in April 2020 from the previous month, while gas production declined by 40.37% to 0.65 mmcf/d. On a YTD basis, oil production decreased by 53.88% in 2020 when compared with the same period in 2019, while gas production rose by 17.3%. Out of the total oil and gas production in April 2020, oil production held an 18.54% share, while gas production held a 75.27% share.


Looking at the states where Extech Operating recorded the highest oil and gas production in April 2020, Texas figured at the top, accounting for a 100% share. The company produced 148.89 boe/d in the state in April 2020, a decrease of 38.88% from the previous month.

On a YTD basis, the company produced 1,123.91 boe/d in Texas in 2020, recording an increase of 15.92% from the same period in 2019.



Extech Operating witnessed the highest oil and gas production in Montague county in April 2020. Out of all the counties, Montague county held a share of 34.5% for the firm. The company produced 51.37 boe/d in Montague county in April 2020, a decrease of 65.26% in production when compared with the previous month.

On a YTD basis, the county produced 734.93 boe/d for the company in 2020, a 27.77% 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.

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