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September 16, 2022

THP Operating records 10.07% increase in production in May 2020

By Carmen

THP Operating recorded an increase of 10.07% in total oil and gas production to 83.28 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of THP Operating grew 14.14% in May 2020 from 72.96 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production increased by 38.31% from the same period in 2019.

The company’s oil production grew 41.07% to 8.21 bd in May 2020 from the previous month, while gas production up by 7.5% to 0.43 mmcf/d. On a YTD basis, oil production decreased by 36.32% in 2020 when compared with the same period in 2019, while gas production rose by 84.26%. Out of the total oil and gas production in May 2020, oil production held a 9.86% share, while gas production held an 89.02% share.


Looking at the states where THP Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 83.28 boe/d in the state in May 2020, an increase of 10.07% from the previous month.

On a YTD basis, the company produced 409.77 boe/d in Texas in 2020, recording an increase of 38.31% from the same period in 2019.



THP Operating witnessed the highest oil and gas production in Tom Green county in May 2020. Out of all the counties, Tom Green county held a share of 65.55% for the firm. The company produced 54.59 boe/d in Tom Green county in May 2020, a decrease of 5.26% in production when compared with the previous month.

On a YTD basis, the county produced 261.96 boe/d for the company in 2020, a 377.07% 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.

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