Redbud E&P recorded an increase of 61.73% in total oil and gas production to 585.35 boe/d in June 2020 when compared with the previous month, according to GlobalData ’s USL48 database.
The oil and gas production of Redbud E&P declined 37.96% in June 2020 from 943.49 boe/d in June 2019.
On a YTD basis, the company’s total oil and gas production decreased by 16.06% from the same period in 2019.
The company’s oil production grew 200.35% to 164.68 bd in June 2020 from the previous month, while gas production up by 34.83% to 2.4 mmcf/d. On a YTD basis, oil production decreased by 34.27% in 2020 when compared with the same period in 2019, while gas production declined by 3.06%. Out of the total oil and gas production in June 2020, oil production held a 28.13% share, while gas production held a 70.69% share.
Looking at the states where Redbud E&P recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 585.35 boe/d in the state in June 2020, an increase of 61.73% from the previous month.
On a YTD basis, the company produced 4,094.84 boe/d in Texas in 2020, recording a decrease of 16.06% from the same period in 2019.
Redbud E&P witnessed the highest oil and gas production in Tom Green county in June 2020. Out of all the counties, Tom Green county held a share of 91.84% for the firm. The company produced 537.6 boe/d in Tom Green county in June 2020, an increase of 50.49% in production when compared with the previous month.
On a YTD basis, the county produced 3,676.66 boe/d for the company in 2020, an 11.93% 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.