Geosouthern Energy records 6.52% increase in production in July 2020

Geosouthern Energy recorded an increase of 6.52% in total oil and gas production to 21,824.85 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Geosouthern Energy declined 21.97% in July 2020 from 27,969.1 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 11% from the same period in 2019.

The company’s oil production declined 33.37% to 1,018.84 bd in July 2020 from the previous month, while gas production up by 16.03% to 105.69 mmcf/d. On a YTD basis, oil production decreased by 32.58% in 2020 when compared with the same period in 2019, while gas production declined by 12.68%. Out of the total oil and gas production in July 2020, oil production held a 4.67% share, while gas production held an 83.49% share.

Looking at the states where Geosouthern Energy recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 21,824.85 boe/d in the state in July 2020, an increase of 6.52% from the previous month.

On a YTD basis, the company produced 1,43,398.9 boe/d in Texas in 2020, recording a decrease of 11% from the same period in 2019.

Geosouthern Energy witnessed the highest oil and gas production in Washington county in July 2020. Out of all the counties, Washington county held a share of 65.05% for the firm. The company produced 14,197.53 boe/d in Washington county in July 2020, an increase of 33.8% in production when compared with the previous month.

On a YTD basis, the county produced 89,880 boe/d for the company in 2020, a 26.35% 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.