Valence Operating recorded an increase of 11.44% in total oil and gas production to 15,214.3 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Valence Operating declined 9.27% in June 2020 from 16,768.27 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 6.89% from the same period in 2019.

The company’s oil production grew 99.03% to 2,645.08 bd in June 2020 from the previous month, while gas production up by 1.62% to 69.56 mmcf/d. On a YTD basis, oil production increased by 55.64% in 2020 when compared with the same period in 2019, while gas production declined by 13.79%. Out of the total oil and gas production in June 2020, oil production held a 17.39% share, while gas production held a 78.83% share.


Looking at the states where Valence Operating recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 15,214.3 boe/d in the state in June 2020, an increase of 11.44% from the previous month.

On a YTD basis, the company produced 93,405.51 boe/d in Texas in 2020, recording a decrease of 6.89% from the same period in 2019.



Valence Operating witnessed the highest oil and gas production in Harrison county in June 2020. Out of all the counties, Harrison county held a share of 20.41% for the firm. The company produced 3,105.58 boe/d in Harrison county in June 2020, a decrease of 1% in production when compared with the previous month.

On a YTD basis, the county produced 19,275.19 boe/d for the company in 2020, a 24.18% 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.