O BENCO recorded an increase of 35.1% in total oil and gas production to 418.14 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of O BENCO declined 11.84% in March 2020 from 474.28 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production decreased by 32.33% from the same period in 2019.
The company’s oil production grew 27.72% to 137.55 bd in March 2020 from the previous month, while gas production up by 40% to 1.61 mmcf/d. On a YTD basis, oil production decreased by 22.16% in 2020 when compared with the same period in 2019, while gas production declined by 37.14%. Out of the total oil and gas production in March 2020, oil production held a 32.9% share, while gas production held a 66.38% share.
Looking at the states where O BENCO recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 418.14 boe/d in the state in March 2020, an increase of 35.1% from the previous month.
On a YTD basis, the company produced 989.36 boe/d in Texas in 2020, recording a decrease of 32.33% from the same period in 2019.
O BENCO witnessed the highest oil and gas production in Henderson county in March 2020. Out of all the counties, Henderson county held a share of 87.97% for the firm. The company produced 367.83 boe/d in Henderson county in March 2020, an increase of 37.48% in production when compared with the previous month.
On a YTD basis, the county produced 868.42 boe/d for the company in 2020, a 34.67% decrease 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.