Maximus Operating recorded a decrease of 20.88% in total oil and gas production to 988.36 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Maximus Operating grew 8.74% in March 2020 from 908.89 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production increased by 58.77% from the same period in 2019.
The company’s oil production declined 23.98% to 748.52 bd in March 2020 from the previous month, while gas production declined by 11.84% to 1.34 mmcf/d. On a YTD basis, oil production increased by 86.26% in 2020 when compared with the same period in 2019, while gas production rose by 2.59%. Out of the total oil and gas production in March 2020, oil production held a 75.73% share, while gas production held a 23.38% share.
Looking at the states where Maximus Operating recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 58.21% share. The company produced 624.7 boe/d in the state in March 2020, a decrease of 17.48% from the previous month.
On a YTD basis, the company produced 2,239.33 boe/d in Texas in 2020, recording an increase of 1.03% from the same period in 2019.
Maximus Operating witnessed the highest oil and gas production in Smith county in March 2020. Out of all the counties, Smith county held a share of 37.21% for the firm. The company produced 367.78 boe/d in Smith county in March 2020, a decrease of 17.65% in production when compared with the previous month.
On a YTD basis, the county produced 1,331.12 boe/d for the company in 2020, an 87.27% increase from the same period in 2019.
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.