Moontower Resources Operating recorded an increase of 152.64% in total oil and gas production to 1,208.56 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Moontower Resources Operating grew 31.31% in June 2020 from 920.37 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 2.77% from the same period in 2019.

The company’s oil production declined 22.32% to 9.5 bd in June 2020 from the previous month, while gas production up by 140.6% to 5.63 mmcf/d. On a YTD basis, oil production increased by 6.12% in 2020 when compared with the same period in 2019, while gas production declined by 14.72%. Out of the total oil and gas production in June 2020, oil production held a 0.79% share, while gas production held an 80.32% share.


Looking at the states where Moontower Resources Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 1,208.56 boe/d in the state in June 2020, an increase of 152.64% from the previous month.

On a YTD basis, the company produced 7,134.1 boe/d in Texas in 2020, recording an increase of 2.77% from the same period in 2019.



Moontower Resources Operating witnessed the highest oil and gas production in Culberson county in June 2020. Out of all the counties, Culberson county held a share of 98.73% for the firm. The company produced 1,193.17 boe/d in Culberson county in June 2020, an increase of 159.8% in production when compared with the previous month.

On a YTD basis, the county produced 7,036.4 boe/d for the company in 2020, a 2.82% 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.