Fasken Oil and Ranch recorded an increase of 23.86% in total oil and gas production to 35,397.48 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fasken Oil and Ranch declined 13.75% in July 2020 from 41,040.18 boe/d in July 2019.
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On a YTD basis, the company’s total oil and gas production decreased by 20.35% from the same period in 2019.
The company’s oil production grew 44.2% to 18,110.15 bd in July 2020 from the previous month, while gas production up by 9.89% to 83.86 mmcf/d. On a YTD basis, oil production decreased by 26.75% in 2020 when compared with the same period in 2019, while gas production declined by 14.22%. Out of the total oil and gas production in July 2020, oil production held a 51.16% share, while gas production held a 40.85% share.
Looking at the states where Fasken Oil and Ranch recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 33,580.62 boe/d in the state in July 2020, an increase of 24.2% from the previous month.
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By GlobalDataOn a YTD basis, the company produced 2,16,085.4 boe/d in Texas in 2020, recording a decrease of 24.63% from the same period in 2019.
Fasken Oil and Ranch witnessed the highest oil and gas production in Midland county in July 2020. Out of all the counties, Midland county held a share of 27.53% for the firm. The company produced 9,746 boe/d in Midland county in July 2020, an increase of 88.19% in production when compared with the previous month.
On a YTD basis, the county produced 72,423.91 boe/d for the company in 2020, a 12.06% 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.
