Relentless Permian Operating recorded a decrease of 52.6% in total oil and gas production to 368.13 boe/d in May 2020 when compared with the previous month, according to GlobalData’s USL48 database.

The oil and gas production of Relentless Permian Operating declined 65.93% in May 2020 from 1,080.38 boe/d in May 2019.

On a YTD basis, the company’s total oil and gas production decreased by 24.72% from the same period in 2019.

The company’s oil production declined 52.78% to 335.73 bd in May 2020 from the previous month, while gas production declined by 50% to 0.19 mmcf/d. On a YTD basis, oil production decreased by 21.25% in 2020 when compared with the same period in 2019, while gas production declined by 48.57%. Out of the total oil and gas production in May 2020, oil production held a 91.2% share, while gas production held an 8.9% share.


Looking at the states where Relentless Permian Operating recorded the highest oil and gas production in May 2020, Texas figured at the top, accounting for a 100% share. The company produced 368.13 boe/d in the state in May 2020, a decrease of 52.6% from the previous month.

On a YTD basis, the company produced 4,271.89 boe/d in Texas in 2020, recording a decrease of 24.72% from the same period in 2019.



Relentless Permian Operating witnessed the highest oil and gas production in Borden county in May 2020. Out of all the counties, Borden county held a share of 39.24% for the firm. The company produced 144.47 boe/d in Borden county in May 2020, a decrease of 42.36% in production when compared with the previous month.

On a YTD basis, the county produced 1,556.37 boe/d for the company in 2020, a 20.8% 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.