Long Trusts The records 1.26% increase in production in July 2020

Long Trusts The recorded an increase of 1.26% in total oil and gas production to 405.27 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Long Trusts The declined 9.29% in July 2020 from 446.78 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 16.02% from the same period in 2019.

The company’s oil production grew 6.47% to 148.03 bd in July 2020 from the previous month, while gas production declined by 2.03% to 1.45 mmcf/d. On a YTD basis, oil production decreased by 16.03% in 2020 when compared with the same period in 2019, while gas production declined by 15.62%. Out of the total oil and gas production in July 2020, oil production held a 36.53% share, while gas production held a 61.68% share.

Looking at the states where Long Trusts The recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 397.11 boe/d in the state in July 2020, an increase of 0.14% from the previous month.

On a YTD basis, the company produced 2,563.95 boe/d in Texas in 2020, recording a decrease of 18.12% from the same period in 2019.

Long Trusts The witnessed the highest oil and gas production in Rusk county in July 2020. Out of all the counties, Rusk county held a share of 38.45% for the firm. The company produced 155.84 boe/d in Rusk county in July 2020, an increase of 3.52% in production when compared with the previous month.

On a YTD basis, the county produced 1,078.6 boe/d for the company in 2020, a 5.33% 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.