Caird Operating recorded an increase of 3.14% in total oil and gas production to 39.76 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Caird Operating declined 68.21% in May 2020 from 125.09 boe/d in May 2019.
On a YTD basis, the company’s total oil and gas production decreased by 51.7% from the same period in 2019.
The company’s oil production declined 10.88% to 21.06 bd in May 2020 from the previous month, while gas production up by 22.22% to 0.11 mmcf/d. On a YTD basis, oil production decreased by 50.86% in 2020 when compared with the same period in 2019, while gas production declined by 52.53%. Out of the total oil and gas production in May 2020, oil production held a 52.97% share, while gas production held a 47.71% share.
Looking at the states where Caird Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 39.76 boe/d in the state in May 2020, an increase of 3.14% from the previous month.
On a YTD basis, the company produced 455.92 boe/d in Texas in 2020, recording a decrease of 51.7% from the same period in 2019.
Caird Operating witnessed the highest oil and gas production in Reeves county in May 2020. Out of all the counties, Reeves county held a share of 100% for the firm. The company produced 39.76 boe/d in Reeves county in May 2020, an increase of 3.14% in production when compared with the previous month.
On a YTD basis, the county produced 455.92 boe/d for the company in 2020, a 45.03% decrease from the same period in 2019.
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.