Verado Energy recorded an increase of 21.1% in total oil and gas production to 3,458.39 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Verado Energy declined 41.35% in June 2020 from 5,897.1 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production decreased by 41.78% from the same period in 2019.

The company’s oil production grew 79.81% to 898.23 bd in June 2020 from the previous month, while gas production up by 9.17% to 14.76 mmcf/d. On a YTD basis, oil production decreased by 68.47% in 2020 when compared with the same period in 2019, while gas production declined by 19.63%. Out of the total oil and gas production in June 2020, oil production held a 25.97% share, while gas production held a 73.58% share.


Looking at the states where Verado Energy recorded the highest oil and gas production in June 2020, Texas figured at the top, accounting for a 100% share. The company produced 3,458.39 boe/d in the state in June 2020, an increase of 21.1% from the previous month.

On a YTD basis, the company produced 22,367.83 boe/d in Texas in 2020, recording a decrease of 41.78% from the same period in 2019.



Verado Energy witnessed the highest oil and gas production in Rusk county in June 2020. Out of all the counties, Rusk county held a share of 48.56% for the firm. The company produced 1,679.34 boe/d in Rusk county in June 2020, a decrease of 0.63% in production when compared with the previous month.

On a YTD basis, the county produced 10,412.26 boe/d for the company in 2020, a 12.33% 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.