LRR Pecos Valley records 6.93% increase in production in July 2020

LRR Pecos Valley recorded an increase of 6.93% in total oil and gas production to 28,293.44 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of LRR Pecos Valley declined 23.71% in July 2020 from 37,084.28 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 0.27% from the same period in 2019.

The company’s oil production grew 8.92% to 19,548.71 bd in July 2020 from the previous month, while gas production up by 3.12% to 46.87 mmcf/d. On a YTD basis, oil production decreased by 5.94% in 2020 when compared with the same period in 2019, while gas production rose by 10.44%. Out of the total oil and gas production in July 2020, oil production held a 69.09% share, while gas production held a 28.56% share.

Looking at the states where LRR Pecos Valley recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 28,293.44 boe/d in the state in July 2020, an increase of 6.93% from the previous month.

On a YTD basis, the company produced 2,26,772.35 boe/d in Texas in 2020, recording a decrease of 0.27% from the same period in 2019.

LRR Pecos Valley witnessed the highest oil and gas production in Loving county in July 2020. Out of all the counties, Loving county held a share of 71.2% for the firm. The company produced 20,144.8 boe/d in Loving county in July 2020, a decrease of 1.9% in production when compared with the previous month.

On a YTD basis, the county produced 1,54,332.15 boe/d for the company in 2020, a 1.08% 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.