Makar Production recorded an increase of 6.62% in total oil and gas production to 142.1 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Makar Production declined 1.81% in July 2020 from 144.72 boe/d in July 2019.
On a YTD basis, the company’s total oil and gas production increased by 14.87% from the same period in 2019.
The company’s oil production declined 35.53% to 2.45 bd in July 2020 from the previous month, while gas production up by 8% to 0.81 mmcf/d. On a YTD basis, oil production decreased by 27.49% in 2020 when compared with the same period in 2019, while gas production rose by 15.14%. Out of the total oil and gas production in July 2020, oil production held a 1.72% share, while gas production held a 98.28% share.
Looking at the states where Makar Production recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 142.1 boe/d in the state in July 2020, an increase of 6.62% from the previous month.
On a YTD basis, the company produced 973.24 boe/d in Texas in 2020, recording an increase of 14.87% from the same period in 2019.
Makar Production witnessed the highest oil and gas production in Wheeler county in July 2020. Out of all the counties, Wheeler county held a share of 38.58% for the firm. The company produced 54.82 boe/d in Wheeler county in July 2020, an increase of 14.76% in production when compared with the previous month.
On a YTD basis, the county produced 336.82 boe/d for the company in 2020, a 39.57% 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.
