Venture Oil & Gas recorded an increase of 1377.32% in total oil and gas production to 7,318.52 boe/d in June 2020 when compared with the previous month, according to GlobalData ’s USL48 database.

The oil and gas production of Venture Oil & Gas declined 31.65% in June 2020 from 10,707.6 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 17.11% from the same period in 2019.

The company’s oil production grew 956.04% to 4,771.92 bd in June 2020 from the previous month, while gas production up by 5808% to 14.77 mmcf/d. On a YTD basis, oil production decreased by 21.39% in 2020 when compared with the same period in 2019, while gas production declined by 8.06%. Out of the total oil and gas production in June 2020, oil production held a 65.2% share, while gas production held a 34.8% share.


Looking at the states where Venture Oil & Gas recorded the highest oil and gas production in June 2020, Mississippi figured at the top, accounting for a 100% share. The company produced 7,043.46 boe/d in the state in June 2020, an increase of 1433.85% from the previous month.

On a YTD basis, the company produced 48,280.42 boe/d in Mississippi in 2020, recording a decrease of 19.95% from the same period in 2019.



Venture Oil & Gas witnessed the highest oil and gas production in Wayne county in June 2020. Out of all the counties, Wayne county held a share of 38.29% for the firm. The company produced 2,802.2 boe/d in Wayne county in June 2020, an increase of 2850.31% in production when compared with the previous month.

On a YTD basis, the county produced 20,286.47 boe/d for the company in 2020, a 28.78% 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.