Verdad Resources recorded an increase of 47.13% in total oil and gas production to 9,786.71 boe/d in June 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Verdad Resources grew 68.46% in June 2020 from 5,809.56 boe/d in June 2019.

On a YTD basis, the company’s total oil and gas production increased by 110.88% from the same period in 2019.

The company’s oil production grew 57.63% to 7,542.53 bd in June 2020 from the previous month, while gas production up by 20.22% to 13.02 mmcf/d. On a YTD basis, oil production increased by 141.3% in 2020 when compared with the same period in 2019, while gas production rose by 55.14%. Out of the total oil and gas production in June 2020, oil production held a 77.07% share, while gas production held a 22.94% share.


Looking at the states where Verdad Resources recorded the highest oil and gas production in June 2020, Colorado figured at the top, accounting for a 100% share. The company produced 9,786.71 boe/d in the state in June 2020, an increase of 47.13% from the previous month.

On a YTD basis, the company produced 70,462.01 boe/d in Colorado in 2020, recording an increase of 110.88% from the same period in 2019.



Verdad Resources witnessed the highest oil and gas production in Weld county in June 2020. Out of all the counties, Weld county held a share of 99.68% for the firm. The company produced 9,755.67 boe/d in Weld county in June 2020, an increase of 47.46% in production when compared with the previous month.

On a YTD basis, the county produced 70,156.57 boe/d for the company in 2020, an 112.33% increase 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.