US Energy Development recorded an increase of 124.84% in total oil and gas production to 5,179.87 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of US Energy Development declined 6.32% in June 2020 from 5,529.06 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 42.32% from the same period in 2019.

The company’s oil production grew 111.43% to 3,740.12 bd in June 2020 from the previous month, while gas production up by 165.58% to 8.18 mmcf/d. On a YTD basis, oil production decreased by 41.75% in 2020 when compared with the same period in 2019, while gas production declined by 44.49%. Out of the total oil and gas production in June 2020, oil production held a 72.2% share, while gas production held a 27.23% share.


Looking at the states where US Energy Development recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 5,061.82 boe/d in the state in June 2020, an increase of 122.53% from the previous month.

On a YTD basis, the company produced 22,894.82 boe/d in Texas in 2020, recording a decrease of 43.74% from the same period in 2019.



US Energy Development witnessed the highest oil and gas production in Zavala county in June 2020. Out of all the counties, Zavala county held a share of 34.79% for the firm. The company produced 1,802.02 boe/d in Zavala county in June 2020, an increase of 25.16% in production when compared with the previous month.

On a YTD basis, the county produced 9,493.02 boe/d for the company in 2020, a 53.66% decrease 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.