THP Operating recorded a decrease of 13.28% in total oil and gas production to 164.32 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of THP Operating grew 43.46% in June 2020 from 114.54 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 44.73% from the same period in 2019.

The company’s oil production grew 35.63% to 12.6 bd in June 2020 from the previous month, while gas production declined by 16.35% to 0.87 mmcf/d. On a YTD basis, oil production decreased by 37.32% in 2020 when compared with the same period in 2019, while gas production rose by 67.67%. Out of the total oil and gas production in June 2020, oil production held a 7.67% share, while gas production held a 91.29% share.


Looking at the states where THP Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 164.32 boe/d in the state in June 2020, a decrease of 13.28% from the previous month.

On a YTD basis, the company produced 1,050.45 boe/d in Texas in 2020, recording an increase of 44.73% from the same period in 2019.



THP Operating 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 67.9% for the firm. The company produced 111.57 boe/d in Tom Green county in June 2020, a decrease of 16.17% in production when compared with the previous month.

On a YTD basis, the county produced 788.55 boe/d for the company in 2020, a 102.51% 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.