Hibbard Energy recorded an increase of 9.78% in total oil and gas production to 426.82 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Hibbard Energy grew 1.28% in July 2020 from 421.41 boe/d in July 2019.
On a YTD basis, the company’s total oil and gas production decreased by 9.29% from the same period in 2019.
The company’s oil production declined 23.93% to 32.23 bd in July 2020 from the previous month, while gas production up by 13.54% to 2.18 mmcf/d. On a YTD basis, oil production decreased by 26.56% in 2020 when compared with the same period in 2019, while gas production declined by 5.8%. Out of the total oil and gas production in July 2020, oil production held a 7.55% share, while gas production held an 88.06% share.
Looking at the states where Hibbard Energy recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 426.82 boe/d in the state in July 2020, an increase of 9.78% from the previous month.
On a YTD basis, the company produced 2,786.56 boe/d in Texas in 2020, recording a decrease of 9.29% from the same period in 2019.
Hibbard Energy witnessed the highest oil and gas production in Cherokee county in July 2020. Out of all the counties, Cherokee county held a share of 36.44% for the firm. The company produced 155.54 boe/d in Cherokee county in July 2020, an increase of 17.45% in production when compared with the previous month.
On a YTD basis, the county produced 984.6 boe/d for the company in 2020, a 22.91% 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.
