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July 19, 2022

Recoil Resources Operating records 13.04% increase in production in March 2020

By Carmen

Recoil Resources Operating recorded an increase of 13.04% in total oil and gas production to 5,694.74 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Recoil Resources Operating grew 145.7% in March 2020 from 2,317.75 boe/d in March 2019.

On a YTD basis, the company’s total oil and gas production increased by 93.33% from the same period in 2019.

The company’s oil production grew 12.78% to 5,203.94 bd in March 2020 from the previous month, while gas production up by 15.85% to 2.85 mmcf/d. On a YTD basis, oil production increased by 95.83% in 2020 when compared with the same period in 2019, while gas production rose by 69.85%. Out of the total oil and gas production in March 2020, oil production held a 91.38% share, while gas production held an 8.63% share.


Looking at the states where Recoil Resources Operating recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 5,694.74 boe/d in the state in March 2020, an increase of 13.04% from the previous month.

On a YTD basis, the company produced 16,009.43 boe/d in Texas in 2020, recording an increase of 93.33% from the same period in 2019.



Recoil Resources Operating witnessed the highest oil and gas production in WILSON county in March 2020. Out of all the counties, WILSON county held a share of 99.58% for the firm. The company produced 5,670.56 boe/d in WILSON county in March 2020, an increase of 13.43% in production when compared with the previous month.

On a YTD basis, the county produced 15,914.51 boe/d for the company in 2020, a 94.38% 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.

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