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Fossil Petroleum recorded an increase of 1.71% in total oil and gas production to 274.12 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fossil Petroleum declined 24.88% in July 2020 from 364.93 boe/d in July 2019.
On a YTD basis, the company’s total oil and gas production decreased by 28.08% from the same period in 2019.
The company’s oil production grew 11.77% to 122.75 bd in July 2020 from the previous month, while gas production declined by 4.49% to 0.85 mmcf/d. On a YTD basis, oil production decreased by 28.6% in 2020 when compared with the same period in 2019, while gas production declined by 28.93%. Out of the total oil and gas production in July 2020, oil production held a 44.78% share, while gas production held a 53.46% share.
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By GlobalDataLooking at the states where Fossil Petroleum recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 274.12 boe/d in the state in July 2020, an increase of 1.71% from the previous month.
On a YTD basis, the company produced 1,804.28 boe/d in Texas in 2020, recording a decrease of 28.08% from the same period in 2019.
Fossil Petroleum witnessed the highest oil and gas production in Irion county in July 2020. Out of all the counties, Irion county held a share of 93.63% for the firm. The company produced 256.66 boe/d in Irion county in July 2020, an increase of 2.42% in production when compared with the previous month.
On a YTD basis, the county produced 1,543.59 boe/d for the company in 2020, a 19.63% 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.
