Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2019
Rosehill Eyes 57% Production Growth in 2019 Despite Drilling, Spending Reductions
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Rosehill Resources Inc. detailed its Q4 2018 results as well as its 2019 capital budget.
The company noted that oil hedges cover over 85% of expected 2019 production at the midpoint of guidance with an average floor of approximately $55 per barrel.
The company expects a 57% production increase despite a 37% reduction in spending and a 50% reduction in drilling.
2019 Plans- 2019 Capex: $220-240 million (down from $363MM in 2018)
- 2019 Production Guidance: 20-21.5 MBOEPD (75% oil / 88% liquids) - this is up +25% from the midpoint of 2018
- Rig Count: 1.5 rigs on average - this is down from 2
- Well Plans: Drill 25-29 wells / Complete 24-28 wells - this is down -50% from 2018
Expects to exit 2019 with ~8-10 DUCs Q4 and Year End 2018 HighlightsFourth Quarter 2018 Highlights:
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