Tarpon Oil & Gas recorded an increase of 4.49% in total oil and gas production to 241.38 boe/d in March 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Tarpon Oil & Gas grew 80.16% in March 2020 from 133.98 boe/d in March 2019.
On a YTD basis, the company’s total oil and gas production increased by 52.32% from the same period in 2019.
The company’s oil production grew 9.84% to 173.33 bd in March 2020 from the previous month, while gas production declined by 15.15% to 0.28 mmcf/d. On a YTD basis, oil production increased by 217.93% in 2020 when compared with the same period in 2019, while gas production declined by 37.41%. Out of the total oil and gas production in March 2020, oil production held a 71.81% share, while gas production held a 20% share.
Looking at the states where Tarpon Oil & Gas recorded the highest oil and gas production in March 2020, Texas figured at the top, accounting for a 100% share. The company produced 241.38 boe/d in the state in March 2020, an increase of 4.49% from the previous month.
On a YTD basis, the company produced 700.25 boe/d in Texas in 2020, recording an increase of 52.32% from the same period in 2019.
Tarpon Oil & Gas witnessed the highest oil and gas production in Palo Pinto county in March 2020. Out of all the counties, Palo Pinto county held a share of 50.67% for the firm. The company produced 122.31 boe/d in Palo Pinto county in March 2020, an increase of 2.89% in production when compared with the previous month.
On a YTD basis, the county produced 363.58 boe/d for the company in 2020, a 7.81% 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.