Home Petroleum recorded an increase of 4.45% in total oil and gas production to 226.38 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Home Petroleum grew 1.38% in May 2020 from 223.29 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 7.15% from the same period in 2019.
The company’s oil production declined 38.36% to 32.2 bd in May 2020 from the previous month, while gas production up by 19.35% to 1.11 mmcf/d. On a YTD basis, oil production decreased by 5.18% in 2020 when compared with the same period in 2019, while gas production declined by 7.44%. Out of the total oil and gas production in May 2020, oil production held a 14.22% share, while gas production held an 84.54% share.
Looking at the states where Home Petroleum recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 226.38 boe/d in the state in May 2020, an increase of 4.45% from the previous month.
On a YTD basis, the company produced 1,040.03 boe/d in Texas in 2020, recording a decrease of 7.15% from the same period in 2019.
Home Petroleum witnessed the highest oil and gas production in Lavaca county in May 2020. Out of all the counties, Lavaca county held a share of 16.17% for the firm. The company produced 36.61 boe/d in Lavaca county in May 2020, a decrease of 3.94% in production when compared with the previous month.
On a YTD basis, the county produced 172.43 boe/d for the company in 2020, a 5.68% increase from the same period in 2019.