Peles recorded a decrease of 7.06% in total oil and gas production to 260.78 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Peles declined 34.7% in June 2020 from 399.33 boe/d in June 2019.
On a YTD basis, the company’s total oil and gas production decreased by 11.33% from the same period in 2019.
The company’s oil production declined 6.12% to 228.45 bd in June 2020 from the previous month, while gas production declined by 13.64% to 0.19 mmcf/d. On a YTD basis, oil production decreased by 10.01% in 2020 when compared with the same period in 2019, while gas production declined by 17.12%. Out of the total oil and gas production in June 2020, oil production held an 87.6% share, while gas production held a 12.56% share.
Looking at the states where Peles recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 260.78 boe/d in the state in June 2020, a decrease of 7.06% from the previous month.
On a YTD basis, the company produced 2,452.08 boe/d in Texas in 2020, recording a decrease of 11.33% from the same period in 2019.
Peles witnessed the highest oil and gas production in Cherokee county in June 2020. Out of all the counties, Cherokee county held a share of 63.74% for the firm. The company produced 166.22 boe/d in Cherokee county in June 2020, a decrease of 5.09% in production when compared with the previous month.
On a YTD basis, the county produced 1,350.95 boe/d for the company in 2020, a 9.86% 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.