LCS Production recorded a decrease of 3.56% in total oil and gas production to 374.07 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of LCS Production declined 34.43% in June 2020 from 570.48 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 16.17% from the same period in 2019.

The company’s oil production declined 3.89% to 324.86 bd in June 2020 from the previous month, while gas production stood at 0.29 mmcf/d. On a YTD basis, oil production increased by 5.33% in 2020 when compared with the same period in 2019, while gas production declined by 50.76%. Out of the total oil and gas production in June 2020, oil production held an 86.84% share, while gas production held a 13.37% share.


Looking at the states where LCS Production recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 374.07 boe/d in the state in June 2020, a decrease of 3.56% from the previous month.

On a YTD basis, the company produced 2,958.28 boe/d in Texas in 2020, recording a decrease of 16.17% from the same period in 2019.



LCS Production witnessed the highest oil and gas production in Stonewall county in June 2020. Out of all the counties, Stonewall county held a share of 77.49% for the firm. The company produced 289.87 boe/d in Stonewall county in June 2020, a decrease of 2.92% in production when compared with the previous month.

On a YTD basis, the county produced 1,880.3 boe/d for the company in 2020, a 4.36% increase 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.