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Centennial Touts Best Bone Spring IP at 1,929 BOEPD; Talk 2019 Plans
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Centennial Resource Development reported its Q3 2018 results.
Production Up +81% YOY; Gets 15% Oilier from 2Q18 - Q3 2018 production of (up +81% YOY and up +9% from 2Q18) Increased daily crude oil production 15% from 2Q18 and 71% YOY- Quietly Acquires Acreage: Centennial reported that it acquired additional assets in the Delaware Basin in three deals. Click here to access the deal in Shale Experts M&A Database.
2019 PlansThe company said it plans to add 2.5 rigs in 2019, and that would help facilitate its 2020 growth plans.
Irene Haas - - Imperial Capital
So my question is - in terms of rig cadence, you're going to add 2.5 rigs next year '19, and how should we look at 2020? Would it be sort of a flattish rig count by then?
Sean Smith - COO & VP
We haven't really given firm…
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