Medicine Bow Operating recorded a decrease of 6.07% in total oil and gas production to 38,178.1 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Medicine Bow Operating grew 18.55% in June 2020 from 32,205.03 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 26.29% from the same period in 2019.

The company’s oil production declined 16.25% to 501.32 bd in June 2020 from the previous month, while gas production declined by 4.33% to 145.24 mmcf/d. On a YTD basis, oil production increased by 162.15% in 2020 when compared with the same period in 2019, while gas production rose by 29.08%. Out of the total oil and gas production in June 2020, oil production held a 1.31% share, while gas production held a 65.59% share.


Looking at the states where Medicine Bow Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 38,168.3 boe/d in the state in June 2020, a decrease of 6.07% from the previous month.

On a YTD basis, the company produced 2,62,926.22 boe/d in Texas in 2020, recording an increase of 26.25% from the same period in 2019.



Medicine Bow Operating witnessed the highest oil and gas production in Karnes county in June 2020. Out of all the counties, Karnes county held a share of 41.2% for the firm. The company produced 15,730.63 boe/d in Karnes county in June 2020, a decrease of 6.41% in production when compared with the previous month.

On a YTD basis, the county produced 1,05,369.88 boe/d for the company in 2020, a 51.15% 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.