Ring Energy recorded an increase of 368.22% in total oil and gas production to 9,695.48 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Ring Energy declined 33.52% in June 2020 from 14,584.86 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 25.73% from the same period in 2019.

The company’s oil production grew 428.38% to 8,476.24 bd in June 2020 from the previous month, while gas production up by 160.89% to 7.07 mmcf/d. On a YTD basis, oil production decreased by 29.4% in 2020 when compared with the same period in 2019, while gas production rose by 6.67%. Out of the total oil and gas production in June 2020, oil production held an 87.42% share, while gas production held a 12.57% share.


Looking at the states where Ring Energy recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 9,441.86 boe/d in the state in June 2020, an increase of 363.23% from the previous month.

On a YTD basis, the company produced 65,423.33 boe/d in Texas in 2020, recording a decrease of 27.94% from the same period in 2019.



Ring Energy witnessed the highest oil and gas production in Yoakum county in June 2020. Out of all the counties, Yoakum county held a share of 63.23% for the firm. The company produced 6,130.03 boe/d in Yoakum county in June 2020, an increase of 850.22% in production when compared with the previous month.

On a YTD basis, the county produced 37,668.64 boe/d for the company in 2020, a 0.05% 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.