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Viper Reports 102% YOY Production Increase in Q3; Raises FY Production Guidance 7%
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Viper released its Q3 results. Highlights include:
Average daily production in Q3 was 12,611 boe/d (68% oil), an increase of 20% from Q2 and 102% YOY The company increased its full year production guidance from 10,000 - 11,000 boe/d to 11,000 - 11,500 boe/d, an increase of 7% at the midpoint Viper reported average daily production of 12,611 boe/d (68% oil) in Q3. This production was an increase of 20% from Q2 and 102% from Q3 2016. As a result, the company increased its full year production guidance 7% at the midpoint from 10,000 - 11,000 boe/d to 11,000 - 11,500 boe/d.The company completed 9 wells in its Spanish Trail assets. Additionally, the company had over 100 Midland wells (9.1% royalty interest) and 50 Delaware wells (1.2% royalty interest) awaiting drilling and completion. At…
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