Momentum Operating recorded a decrease of 9.16% in total oil and gas production to 486.94 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Momentum Operating declined 43.77% in July 2020 from 865.98 boe/d in July 2019.

On a YTD basis, the company’s total oil and gas production decreased by 37.48% from the same period in 2019.

The company’s oil production declined 2.82% to 390.89 bd in July 2020 from the previous month, while gas production declined by 28.21% to 0.56 mmcf/d. On a YTD basis, oil production decreased by 33.04% in 2020 when compared with the same period in 2019, while gas production declined by 45.04%. Out of the total oil and gas production in July 2020, oil production held an 80.27% share, while gas production held a 19.83% share.


Looking at the states where Momentum Operating recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 457.71 boe/d in the state in July 2020, a decrease of 10.84% from the previous month.

On a YTD basis, the company produced 3,431.97 boe/d in Texas in 2020, recording a decrease of 42.89% from the same period in 2019.



Momentum Operating witnessed the highest oil and gas production in Hockley county in July 2020. Out of all the counties, Hockley county held a share of 26.38% for the firm. The company produced 128.47 boe/d in Hockley county in July 2020, a decrease of 9.33% in production when compared with the previous month.

On a YTD basis, the county produced 1,108.73 boe/d for the company in 2020, a 39.08% 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.