Fair Oil, Lc recorded a decrease of 0.92% in total oil and gas production to 305.62 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Fair Oil, Lc declined 31.88% in June 2020 from 448.68 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 6.56% from the same period in 2019.

The company’s oil production grew 6.94% to 105.56 bd in June 2020 from the previous month, while gas production declined by 5.22% to 1.09 mmcf/d. On a YTD basis, oil production decreased by 9.68% in 2020 when compared with the same period in 2019, while gas production declined by 3.64%. Out of the total oil and gas production in June 2020, oil production held a 34.54% share, while gas production held a 61.49% share.


Looking at the states where Fair Oil, Lc recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 233.88 boe/d in the state in June 2020, an increase of 0.63% from the previous month.

On a YTD basis, the company produced 1,805.75 boe/d in Texas in 2020, recording a decrease of 29.97% from the same period in 2019.



Fair Oil, Lc witnessed the highest oil and gas production in Wood county in June 2020. Out of all the counties, Wood county held a share of 40.45% for the firm. The company produced 123.62 boe/d in Wood county in June 2020, a decrease of 3.57% in production when compared with the previous month.

On a YTD basis, the county produced 898.85 boe/d for the company in 2020, a 0.32% 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.