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  1. Market Data
September 16, 2022

Red Stag Operating records 404.52% increase in production in May 2020

By Carmen

Red Stag Operating recorded an increase of 404.52% in total oil and gas production to 1,229.98 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Red Stag Operating grew 98.21% in May 2020 from 620.55 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 4.03% from the same period in 2019.

The company’s oil production grew 102.73% to 31.97 bd in May 2020 from the previous month, while gas production up by 427.69% to 6.86 mmcf/d. On a YTD basis, oil production decreased by 15.02% in 2020 when compared with the same period in 2019, while gas production rose by 5.26%. Out of the total oil and gas production in May 2020, oil production held a 2.6% share, while gas production held a 96.16% share.


Looking at the states where Red Stag Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 1,229.98 boe/d in the state in May 2020, an increase of 404.52% from the previous month.

On a YTD basis, the company produced 5,045.38 boe/d in Texas in 2020, recording an increase of 4.03% from the same period in 2019.



Red Stag Operating witnessed the highest oil and gas production in Crockett county in May 2020. Out of all the counties, Crockett county held a share of 100% for the firm. The company produced 1,229.98 boe/d in Crockett county in May 2020, an increase of 404.52% in production when compared with the previous month.

On a YTD basis, the county produced 5,045.38 boe/d for the company in 2020, a 4.03% 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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