Fundare Resources recorded an increase of 5.51% in total oil and gas production to 10,707.86 boe/d in April 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Fundare Resources declined 32.11% in April 2020 from 15,773.12 boe/d in April 2019.
On a YTD basis, the company’s total oil and gas production decreased by 35% from the same period in 2019.
The company’s oil production grew 7.14% to 6,645.8 bd in April 2020 from the previous month, while gas production up by 2.97% to 23.56 mmcf/d. On a YTD basis, oil production decreased by 40.5% in 2020 when compared with the same period in 2019, while gas production declined by 23.29%. Out of the total oil and gas production in April 2020, oil production held a 62.06% share, while gas production held a 37.93% share.
Looking at the states where Fundare Resources recorded the highest oil and gas production in April 2020, Colorado figured at the top, accounting for a 100% share. The company produced 10,707.86 boe/d in the state in April 2020, an increase of 5.51% from the previous month.
On a YTD basis, the company produced 43,841.46 boe/d in Colorado in 2020, recording a decrease of 35% from the same period in 2019.
Fundare Resources witnessed the highest oil and gas production in Weld county in April 2020. Out of all the counties, Weld county held a share of 100% for the firm. The company produced 10,707.86 boe/d in Weld county in April 2020, an increase of 5.51% in production when compared with the previous month.
On a YTD basis, the county produced 43,841.46 boe/d for the company in 2020, a 35% decrease from the same period in 2019.
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.