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Rosehill Hits +274% YOY Production Growth in Q3; Looking to Boost S. Delaware IPs

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Rosehill Hits +274% YOY Production Growth in Q3; Looking to Boost S. Delaware IPs

Rosehill Resources reported its Q3 2018 results.

Highlights:

- Q3 net production of 19.8 MBOEPD - up +7% from 2Q18 and up +274% YOY

Working to Boost S. Delaware Results

Encouraging early results in Southern Delaware with first four wells averaging IP24 rates of 956 BOEPD, 86% oil, or 198 BOEPD per 1,000 ft.

Actions are underway to implement artificial lift across Southern Delaware wells that are expected to significantly increase future IP 24 ranges to at least 1,150 to 1,350 BOEPD, or 240 to 275 BOEPD per 1,000 ft.

Loving County Bone Spring Results

In August, the Company began flowback on a four well pad on the Weber 26 lease in Loving County, with the wells producing from three separate landing zones including the Lower Wolfcamp A, Wolfcamp A X/Y, and 3rd Bone Springs Sand. These wells reached average IP 30 rates of 1,370 BOEPD, 80% oil, or 301 BOEPD per 1,000 feet.

In late September, the Company began flowback on the Kyle 26 E007 located in Loving County targeting the 2nd Bone Springs Sand formation. The Kyle 26 E007 well reached an IP 24 of 1,396 BOEPD, 78% oil, or 285 BOEPD per 1,000 feet.


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