True Oil recorded an increase of 47.42% in total oil and gas production to 4,160.31 boe/d in June 2020 when compared with the previous month, according to GlobalData ’s USL48 database.
The oil and gas production of True Oil declined 30.43% in June 2020 from 5,980.08 boe/d in June 2019.
On a YTD basis, the company’s total oil and gas production decreased by 34.73% from the same period in 2019.
The company’s oil production grew 58.99% to 3,339 bd in June 2020 from the previous month, while gas production up by 13.6% to 4.76 mmcf/d. On a YTD basis, oil production decreased by 36.51% in 2020 when compared with the same period in 2019, while gas production declined by 27.12%. Out of the total oil and gas production in June 2020, oil production held an 80.26% share, while gas production held a 19.73% share.
Looking at the states where True Oil recorded the highest oil and gas production in June 2020, Wyoming figured at the top, accounting for a 100% share. The company produced 2,541.3 boe/d in the state in June 2020, an increase of 37.54% from the previous month.
On a YTD basis, the company produced 14,674.89 boe/d in Wyoming in 2020, recording a decrease of 64.17% from the same period in 2019.
True Oil witnessed the highest oil and gas production in Campbell county in June 2020. Out of all the counties, Campbell county held a share of 48.88% for the firm. The company produced 2,033.39 boe/d in Campbell county in June 2020, an increase of 53.39% in production when compared with the previous month.
On a YTD basis, the county produced 11,782.15 boe/d for the company in 2020, a 12.64% increase 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.