Operator
Roan Resources
18 articles mentioning Roan Resources
STACK/SCOOP Operator Suspends Drilling & Completion Activity
Roan Resources, Inc. has reported its Q3 2019 results Suspended Drilling & Completion Activity "Roan has also elected to temporarily curtail its drilling and development activity and to suspend all completion activity. This reduction in activity...
Roan Resources Details Q2 2019 Results
Roan Resources, Inc. announced second quarter 2019 operating and financial results. Second Quarter 2019 Highlights Production of approximately 50.8 thousand barrels of oil equivalent per day (MBoe/d) (26% oil, 29% natural gas liquids (NGLs), 45% gas);...
Roan Increases Q2 Output Estimates, Lower Spending; Touts Mad Play Well IP30s
Roan Resources, Inc. has updated guidance for the second quarter of 2019. Specifically, the Company anticipates second quarter production to exceed 50 MBOEPD, which compares to adjusted guidance of approximately 49 MBoe/d, when accounting for ethane...
Roan Taps Citigroup, Jefferies to Advise as Buyout Offers Pour In
Roan Resources, Inc. has engaged Citigroup Global Markets Inc. and Jefferies LLC to assist in evaluating strategic alternatives. This comes about a month after CEO Tony Maranto resigned from the company, citing "personal reasons." Roan has...
Roan Resources Receives 'Multiple' Buyout Offers
Roan Resources, Inc. has received multiple unsolicited indications of interest to purchase the Company. In addition, the Company has also received indications of interest for in-basin consolidation opportunities. In response to the unsolicited indications of interests,...
Roan Resources CEO Maranto Resigns; Cites 'Personal Reasons'
Roan Resources, Inc. has reported the resignation of Tony Maranto from his positions of Chairman of the Board of Directors, Chief Executive Officer and President, effective as of April 12, 2019, for personal reasons. In connection...
Roan Eyes 32% Production Growth for 2019; DUC Inventory Cushions 35% Drop in Drilling
Roan Resources detailed its 2019 capital plan as well as its highlights from Q4 2018. The company's DUC inventory will largely cushion its 35% decrease in drilling activity (completion activity will only be down 6% YOY)....
Roan Resources' Credit Facility Increased by $75MM
Roan Resources, Inc. reported that its borrowing base on its revolving credit facility has been upsized by $75 million to $750 million. As of the end of the fourth quarter 2018, Roan had $6.9 million of...
Roan Adds Eighth Rig, Improves Drill Times; Touts 103% Jump in Output in YOY at 46.5 MBOEPD
Roan Resources reported its Q3 2018 results. Adds Eighth Rig; Touts IP90 Rates, Improved Drill Times - 27 gross operated wells were drilled with the addition of the eighth rig and 26 gross operated wells were...
Roan Resources Stock to Begin Trading on NYSE; Company Adds New Board Member
Roan Resources' stock has been approved for listing on the New York Stock Exchange. The shares are expected to begin trading on the NYSE under the ticker symbol 'ROAN' on November 9, 2018. Upon commencement of...
Roan Resources' Borrowing Base Upped +59% to $675MM
Roan Resources has completed its Fall 2018 Borrowing Base redetermination process for its Credit Facility, maturing in September of 2022. All participating lenders consented to a Borrowing Base increase to $675 million, from $425 million. This...
Linn Talks Q2 Roan Activity; Finalizes Separation into Two Companies
LINN Energy reported its Q2 2018 results. Roan Resources Q2 Ops LINN detailed Roan's Q2 drilling activity and IP30 rates from several of its wells: Separation into Two Companies Finalized LINN finalized its separation into two...
STACK / SCOOP Well Results and IP24s: June 14 - 22, 2018
Here is a look at the most recent well results / IP24s from operators in the SCOOP / STACK play in the Oklahoma Mid-Continent / Anadarko Basin region.
Linn Provides Update on Separation Plan; Roan, Riviera Resources
LINN Energy reported a strategic update on the previously announced separation plan. The Board has decided to separate into two public companies as outlined below: Riviera Resources. The Company has formed Riviera Resources, LLC, which following...
STACK Operator Names New CEO; Plan 6 Rig Program
Roan Resources LLC completed a transaction in which LINN and Citizen Energy II, LLC each contributed certain upstream assets located in the prolific Merge/SCOOP/STACK play in Oklahoma to a newly formed company, Roan Resources LLC ("Roan")....
LINN to Separate into Three Standalone Companies
LINN has unveiled a plan to separate into three standalone companies by mid-2018. The Board and management continue to evaluate strategic opportunities with the objective of increasing shareholder value and today announce the intention to separate...
Former EOG Exec Takes Helm of Roan Resources
Roan Resources has named EOG Alum Tony Maranto as its President & CEO. About Tony Maranto: Tony Maranto has more than 35 years of experience in the oil and natural gas industry, including two decades of...
Private SCOOP / STACK E&P to IPO in 2018
Freshly-minted Roan Resources (a new E&P company born from a business combination between LINN Energy and Citizen Energy II LLC) is looking to hit the IPO market in 2018, according to reports. LINN and Citizen each...