Marjac Oil recorded an increase of 9.29% in total oil and gas production to 229.38 boe/d in July 2020 when compared with the previous month, according to GlobalData’s USL48 database.
The oil and gas production of Marjac Oil declined 22.21% in July 2020 from 294.87 boe/d in July 2019.
On a YTD basis, the company’s total oil and gas production decreased by 19.19% from the same period in 2019.
The company’s oil production declined 0.72% to 26.36 bd in July 2020 from the previous month, while gas production up by 11.88% to 1.13 mmcf/d. On a YTD basis, oil production decreased by 27.95% in 2020 when compared with the same period in 2019, while gas production declined by 18.09%. Out of the total oil and gas production in July 2020, oil production held an 11.49% share, while gas production held an 84.93% share.
Looking at the states where Marjac Oil recorded the highest oil and gas production in July 2020, Texas figured at the top, accounting for a 100% share. The company produced 229.38 boe/d in the state in July 2020, an increase of 9.29% from the previous month.
On a YTD basis, the company produced 1,712.9 boe/d in Texas in 2020, recording a decrease of 19.19% from the same period in 2019.
Marjac Oil witnessed the highest oil and gas production in Stephens county in July 2020. Out of all the counties, Stephens county held a share of 87.09% for the firm. The company produced 199.77 boe/d in Stephens county in July 2020, an increase of 12.6% in production when compared with the previous month.
On a YTD basis, the county produced 1,463.84 boe/d for the company in 2020, a 19.82% 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.
