Txp recorded an increase of 85.16% in total oil and gas production to 446.15 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Txp declined 33.48% in May 2020 from 670.68 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 26.67% from the same period in 2019.
The company’s oil production grew 9.46% to 73.59 bd in May 2020 from the previous month, while gas production up by 121.51% to 2.06 mmcf/d. On a YTD basis, oil production decreased by 25.05% 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 May 2020, oil production held a 16.49% share, while gas production held a 79.61% share.
Looking at the states where Txp recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 446.15 boe/d in the state in May 2020, an increase of 85.16% from the previous month.
On a YTD basis, the company produced 2,569.99 boe/d in Texas in 2020, recording a decrease of 26.67% from the same period in 2019.
Txp witnessed the highest oil and gas production in Irion county in May 2020. Out of all the counties, Irion county held a share of 55.54% for the firm. The company produced 247.78 boe/d in Irion county in May 2020, an increase of 92.09% in production when compared with the previous month.
On a YTD basis, the county produced 1,626.4 boe/d for the company in 2020, a 31.98% 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.