Territory Resources recorded an increase of 5.44% in total oil and gas production to 5,524.04 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Territory Resources grew 7.22% in June 2020 from 5,152.14 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 11.35% from the same period in 2019.

The company’s oil production grew 8.28% to 938.55 bd in June 2020 from the previous month, while gas production up by 4.89% to 26.6 mmcf/d. On a YTD basis, oil production decreased by 9.44% in 2020 when compared with the same period in 2019, while gas production rose by 17.59%. Out of the total oil and gas production in June 2020, oil production held a 16.99% share, while gas production held an 83.02% share.


Looking at the states where Territory Resources recorded the highest oil and gas production in June 2020, Oklahoma figured at the top, accounting for a 100% share. The company produced 5,524.04 boe/d in the state in June 2020, an increase of 5.44% from the previous month.

On a YTD basis, the company produced 32,683.38 boe/d in Oklahoma in 2020, recording an increase of 11.35% from the same period in 2019.



Territory Resources witnessed the highest oil and gas production in Caddo county in June 2020. Out of all the counties, Caddo county held a share of 59.52% for the firm. The company produced 3,287.87 boe/d in Caddo county in June 2020, an increase of 9.38% in production when compared with the previous month.

On a YTD basis, the county produced 18,562.69 boe/d for the company in 2020, a 19.28% 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.