Loan Asset Issuer recorded an increase of 8.14% in total oil and gas production to 25,860.63 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Loan Asset Issuer declined 28.92% in June 2020 from 36,383.6 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 28.59% from the same period in 2019.

The company’s oil production declined 17.23% to 423.5 bd in June 2020 from the previous month, while gas production up by 11.24% to 128.33 mmcf/d. On a YTD basis, oil production decreased by 55.3% in 2020 when compared with the same period in 2019, while gas production declined by 28.43%. Out of the total oil and gas production in June 2020, oil production held a 1.64% share, while gas production held an 85.56% share.


Looking at the states where Loan Asset Issuer recorded the highest oil and gas production in June 2020, West Virginia figured at the top, accounting for a 100% share. The company produced 17,492.98 boe/d in the state in June 2020, a decrease of 1.84% from the previous month.

On a YTD basis, the company produced 1,07,196.11 boe/d in West Virginia in 2020, recording a decrease of 50.92% from the same period in 2019.



Loan Asset Issuer witnessed the highest oil and gas production in Marshall county in June 2020. Out of all the counties, Marshall county held a share of 67.64% for the firm. The company produced 17,492.98 boe/d in Marshall county in June 2020, a decrease of 1.84% in production when compared with the previous month.

On a YTD basis, the county produced 1,07,196.11 boe/d for the company in 2020, a 32.22% 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.