GeoSouthern Energy recorded an increase of 289.18% in total oil and gas production to 20,489.18 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Geosouthern Energy declined 29.33% in June 2020 from 28,994.31 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 8.7% from the same period in 2019.

The company’s oil production grew 1236.07% to 1,529.13 bd in June 2020 from the previous month, while gas production up by 212.38% to 91.09 mmcf/d. On a YTD basis, oil production decreased by 31.7% in 2020 when compared with the same period in 2019, while gas production declined by 10.87%. Out of the total oil and gas production in June 2020, oil production held a 7.46% share, while gas production held a 76.65% share.


Looking at the states where Geosouthern Energy recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 20,489.18 boe/d in the state in June 2020, an increase of 289.18% from the previous month.

On a YTD basis, the company produced 1,21,574.05 boe/d in Texas in 2020, recording a decrease of 8.7% from the same period in 2019.



Geosouthern Energy witnessed the highest oil and gas production in Washington county in June 2020. Out of all the counties, Washington county held a share of 51.79% for the firm. The company produced 10,610.66 boe/d in Washington county in June 2020, an increase of 112.97% in production when compared with the previous month.

On a YTD basis, the county produced 75,682.47 boe/d for the company in 2020, a 25.87% 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.