August 14, 2019 - 8:00 AM EDT
Print Email Article Font Down Font Up Charts

Harvest Oil & Gas Announces Second Quarter 2019 Results

HOUSTON, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced results for the second quarter of 2019 and the filing of its Form 10-Q with the Securities and Exchange Commission (“SEC”) on August 14, 2019. Harvest is the successor reporting company to EV Energy Partners, L.P.

Key Highlights

  • Average daily production was 112.3 MMcfe for the second quarter of 2019
  • In July, announced a definitive agreement to sell oil and gas properties in the Barnett Shale for $72 million, subject to purchase price adjustments, which is expected to close in the third quarter of 2019
  • In July, entered into a definitive agreement to sell certain oil and gas properties in the Mid-Continent area for $6.5 million, subject to purchase price adjustments, which is expected to close in the third quarter of 2019
  • Paid down remaining $55 million of debt under credit facility during second quarter resulting in $0 debt outstanding under the credit facility as of June 30, 2019

Second Quarter 2019 Financial Results

  Second Quarter First Quarter
$ in millions unless noted otherwise 2019 2019
Average daily production (MMcfe/d)  112.3   137.2 
Total revenues $30.6  $43.8 
Total assets  317.9   442.3 
Net loss  (60.9)  (35.8)
Adjusted EBITDAX (a non-GAAP  financial measure) (1)  6.9   12.4 
Total debt  -   55.0 
Net cash provided by operating activities  9.7   19.4 
Additions to oil and natural gas properties (2)  1.4   0.4 
_____________________        
(1)  Adjusted EBITDAX is a Non-GAAP financial measure and is described in the attached table under “Non-GAAP Measures”
(2)  Represents cash payments during the period
 

For the second quarter of 2019, Harvest reported a net loss of $60.9 million, or $(6.05) per basic and diluted weighted average share outstanding compared to a net loss of $35.8 million, or $(3.56) per basic and diluted weighted average share outstanding, for the first quarter of 2019. For the second quarter of 2018, a net loss of $595.6 million was reported, which reflects the combined results of two months ended May 31, 2018 (Predecessor) and one month ended June 30, 2018 (Successor). Included in the 2019 second quarter net loss were the following items:

  • $73.2 million of impairment of oil and natural gas properties primarily related to the Barnett Shale, which was held for sale as of June 30, 2019,
  • $13.6 million of non-cash gains on commodity derivatives,
  • $0.5 million of divestiture related expense contained in general and administrative expenses,
  • $0.7 million of litigation settlement expenses contained in general and administrative expenses, and
  • $0.7 million of stock-based compensation costs contained in general and administrative expenses.

Production for the second quarter of 2019 was 7.1 Bcf of natural gas, 146 MBbls of oil and 369 MBbls of natural gas liquids (NGLs), or 112.3 million cubic feet equivalent per day (MMcfe/d). This represents an 18 percent decrease from the first quarter of 2019 production of 137.2 MMcfe/d and a 38 percent decrease from the second quarter of 2018 production of 181.8 MMcfe/d. The decrease in production from the first quarter of 2019 was primarily due to the divestiture of oil and gas properties in the San Juan Basin that closed in April 2019, as well as a divestiture in the Mid-Continent area that closed in January 2019 and natural production declines. The decrease in production from the second quarter of 2018 was primarily due to the divestiture of the Central Texas and Karnes County, Texas properties that closed in August 2018, the Central Texas area divestiture that closed in December 2018,  the Mid-Continent area divestitures that closed in December 2018, January 2019, and April 2019, the San Juan Basin divestiture that closed in April 2019 and natural production declines.

Adjusted EBITDAX for the second quarter of 2019 was $6.9 million, a 45 percent decrease from the first quarter of 2019 and a 76 percent decrease from the second quarter of 2018. The decrease in Adjusted EBITDAX from the first quarter of 2019 was primarily due to the San Juan divestiture that closed in April 2019, the Mid-Continent area divestiture that closed in April 2019, and a decrease in realized natural gas and natural gas liquids prices, partially offset by an increase in realized hedge gains compared to the previous period, an increase in other income, and an increase in realized oil prices. The decrease in Adjusted EBITDAX from the second quarter of 2018 was primarily due to the divestitures that closed in 2018, January 2019 and April 2019, and a decrease in realized oil and natural gas liquids prices, partially offset by an increase in realized commodity hedge gains, an increase in other income, and an increase in realized natural gas prices. Adjusted EBITDAX is a Non-GAAP financial measures and is described in the attached table under “Non-GAAP Measures.”

Divestitures

Barnett Shale

As previously announced in July 2019, Harvest has entered into a definitive agreement to sell substantially all of its interests in the Barnett Shale for $72 million (subject to purchase price adjustments). The transaction is expected to close in the third quarter of 2019 and has an effective date of April 1, 2019.

Harvest’s Barnett Shale production for the first six months of 2019 averaged 54.5 MMcfe per day. The estimated proved reserves as of December 31, 2018 for the interests being divested, using SEC prices, were 276.6 Bcfe (62% natural gas, 37% natural gas liquids and 1% crude oil).

Mid-Continent Area

In July 2019, Harvest entered into a definitive agreement to sell certain oil and gas properties in the Mid-Continent area located in the Anadarko Basin and Scoop-Stack for $6.5 million (subject to purchase price adjustments). The transaction is expected to close in the third quarter of 2019 and has an effective date of January 1, 2019.

Harvest’s Mid-Continent production for the first six months of 2019 for the interests being divested averaged 7.8 MMcfe per day. The estimated proved reserves as of December 31, 2018 for the interests being divested, using SEC prices, were 18.5 Bcfe (61% natural gas, 19% natural gas liquids and 20% crude oil).

Harvest is currently considering ways to return net proceeds from its asset sales to shareholders.

Updated 2019 Guidance

Subsequent to the announcement of the Barnett Shale and Mid-Continent area divestitures, Harvest has updated guidance for the third and fourth quarters of 2019 in the following table.

           
($ in millions)  3Q 2019 (1) 4Q 2019 (1) 
Net Production          
Natural Gas (Mmcf)  5,515 -6,096  3,218 -3,557  
Crude Oil (Mbbls)  130 -144  108 -119  
Natural Gas Liquids (Mbbls)  239 -265  45 -49  
Total Mmcfe  7,732 -8,546  4,134 -4,569  
           
Average Daily Production (Mmcfe/d)  84 -93  45 -50  
           
Net Transportation Margin / Other Income (2)  $0.3 -$0.5  $0.3 -$0.5  
           
Average Price Differential vs NYMEX          
Natural Gas ($/Mcf)  ($0.55)-($0.25) ($0.55)-($0.25) 
Crude Oil ($/Bbl)  ($3.50)-($1.50) ($4.00)-($2.00) 
NGL (% of NYMEX Crude Oil)  22% -26%  26% -30%  
           
Expenses          
Operating Expenses:          
LOE and other  $16.9 -$18.7  $10.4 -$11.4  
Production Taxes (as % of revenue)  3.2% -3.8%  1.7% -2.3%  
    -   -  
General and administrative expense (3)  $4.3 -$5.3  $4.0 -$5.0  
           
Capital Expenditures (4)  $0.8 -$1.5   -$0.5  
____________________
(1) Assumes Barnett Shale and Mid-Continent area divestitures close at the end of August 2019.
(2) Represents estimated transportation and marketing-related revenues less cost of purchased natural gas plus other income/(expense), net. 
(3) Excludes non-cash general and administrative expense, of which non-cash share-based compensation is a part. Also excludes any amounts for divestiture or acquisition related due diligence and transaction costs. 
(4) Represents estimates for drilling, capital workover and related capital expenditures.
 

Quarterly Report on Form 10-Q

Harvest’s financial statements and related footnotes are available in its Quarterly Report on Form 10-Q, which was filed on August 14, 2019, and is available through the Investor Relations/SEC Filings section of the Harvest website at http://www.hvstog.com.

About Harvest Oil & Gas Corp.

Harvest is an independent oil and gas company engaged in the efficient operation and development of onshore oil and gas properties in the continental United States. The Company’s assets consist primarily of producing and non-producing properties in the Barnett Shale, the Appalachian Basin (which includes the Utica Shale), Michigan, the Mid-Continent areas in Oklahoma, Texas, Kansas, and Louisiana, the Permian Basin, and the Monroe Field in Northern Louisiana. More information about Harvest is available on the internet at https://www.hvstog.com.

Forward Looking Statements

This press release contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends affecting the financial condition of its business. These forward-looking statements are subject to a number of risks and uncertainties, most of which are difficult to predict and many of which are beyond its control. Please read the Company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2018 and other public filings and press releases for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. These risks include, but are not limited to, risks relating to pending asset sales, including risks relating to the consummation of such sales in accordance with their terms or at all, our inability to control our contract operator, EnerVest Operating, L.L.C., outside of the parameters of the Services Agreement, our ability to obtain needed capital or financing on satisfactory terms, fluctuations in prices of oil, natural gas and natural gas liquids and the length of time commodity prices remain depressed, our ability to maintain production levels through development drilling, risks associated with drilling and operating wells, the availability of drilling and production equipment, changes in applicable laws and regulations that adversely affect our operations and general economic conditions. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “indicate” and similar expressions are intended to identify forward-looking statements. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. Although the Company believes that the forward-looking statements contained in this press release are based upon reasonable assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

 
Operating Statistics
              
  Successor  Predecessor  
            Combined
  Three Months One Month  Two Months Three Months
  Ended Ended  Ended Ended
  June 30, 2019 June 30, 2018  May 31, 2018 Jun 30, 2018
Production data:         
Oil (MBbls)  146  107   261  368
Natural gas liquids (MBbls)  369  215   405  620
Natural gas (MMcf)  7,131  3,612   7,001  10,613
Net production (MMcfe)  10,222  5,548   10,994  16,542
Average sales price per unit: (1)             
Oil (Bbl) $55.13 $66.53  $67.31 $67.08
Natural gas liquids (Bbl)  14.95  26.55   26.27  26.37
Natural gas (Mcf)  2.32  2.40   2.08  2.19
Mcfe  2.95  3.88   3.89  3.89
Average unit cost per Mcfe:             
Production costs:             
Lease operating expenses $2.13 $1.69  $1.62 $1.64
Production taxes  0.14  0.17   0.17  0.17
Total  2.27  1.86   1.79  1.81
Depreciation, depletion and amortization  0.43  0.49   1.75  1.33
General and administrative expenses  0.65  0.37   0.72  0.60

________________________
(1)  Prior to realized $2.8 million net hedge gains on settlements of commodity derivatives for the three months ended June 30, 2019.

              
  Successor  Predecessor  
            Combined
  Six Months One Month  Five Months Six Months
  Ended Ended  Ended Ended
  June 30, 2019 June 30, 2018  May 31, 2018 Jun 30, 2018
Production data:         
Oil (MBbls)  324  107    662   769
Natural gas liquids (MBbls)  853  215    1,040   1,255
Natural gas (MMcf)  15,506  3,612    16,982   20,594
Net production (MMcfe)  22,571  5,548    27,193   32,741
Average sales price per unit: (1)             
Oil (Bbl) $53.96 $66.53  $ 64.14 $ 64.47
Natural gas liquids (Bbl)  18.25  26.55    25.86   25.98
Natural gas (Mcf)  2.60  2.40    2.41   2.41
Mcfe  3.25  3.88    4.06   4.03
Average unit cost per Mcfe:             
Production costs:             
Lease operating expenses $1.99 $1.69  $ 1.67 $ 1.67
Production taxes  0.16  0.17    0.20   0.19
Total  2.15  1.86    1.87   1.86
Depreciation, depletion and amortization  0.41  0.49    1.70   1.49
General and administrative expenses  0.58  0.37    0.58   0.54

________________________
(1)  
Prior to realized $3.5 million and $1.6 million of net hedge gains on settlements of commodity derivatives for the six months ended June 30, 2019 and 2018, respectively.

 
 
Unaudited Condensed Consolidated Balance Sheets
($ in thousands, except number of shares)
        
  June 30, 2019  December 31, 2018
ASSETS       
Current assets:       
Cash and cash equivalents $ 13,650   $ 6,313 
Equity securities   —     47,082 
Accounts receivable:       
Oil, natural gas and natural gas liquids revenues   29,252     40,176 
Other   1,355     4,496 
Derivative asset   14,137     15,452 
Other current assets   944     2,314 
Total current assets   59,338     115,833 
        
Oil and natural gas properties, net of accumulated depreciation, depletion       
and amortization; June 30, 2019, $7,175; December 31, 2018, $12,950   159,388     405,688 
Assets held for sale   87,260     — 
Long-term derivative asset   4,781     8,499 
Other assets   7,112     4,474 
Total assets $ 317,879   $ 534,494 
        
LIABILITIES AND EQUITY       
Current liabilities:       
Accounts payable and accrued liabilities $ 25,095   $ 26,146 
Derivative liability   —     1,165 
Other current liabilities   731     — 
Total current liabilities   25,826     27,311 
        
Asset retirement obligations   102,108     117,529 
Long–term debt, net   —     115,000 
Liabilities held for sale   10,618     — 
Other long–term liabilities   1,804     1,036 
        
Commitments and contingencies       
        
Mezzanine equity   135     79 
        
Stockholders' equity:       
Common stock - $0.01 par value; 65,000,000 shares authorized;       
10,141,512 shares issued and 10,117,472 shares outstanding as of       
June 30, 2019; 10,054,816 shares issued and 10,042,468 shares       
outstanding as of December 31, 2018   101     100 
Additional paid-in capital   250,414     249,717 
Treasury stock at cost - 24,040 shares at June 30, 2019; 12,348       
shares at December 31, 2018   (414)    (247)
Retained earnings (accumulated deficit)   (72,713)    23,969 
Total stockholders' equity   177,388     273,539 
Total liabilities and equity $ 317,879   $ 534,494 
          


Unaudited Condensed Consolidated Statements of Operations
($ in thousands, except per share/unit data)
              
  Successor  Predecessor  
            Combined
  Three Months One Month  Two Months Three Months
  Ended Ended  Ended Ended
  June 30, 2019 June 30, 2018  May 31, 2018 Jun 30, 2018
Revenues:             
Oil, natural gas and natural gas liquids revenues $30,129  $21,535   $42,749  $64,284 
Transportation and marketing–related revenues  458   185    340   525 
Total revenues  30,587   21,720    43,089   64,809 
              
Operating costs and expenses:             
Lease operating expenses  21,754   9,375    17,828   27,203 
Cost of purchased natural gas  315   129    242   371 
Dry hole and exploration costs     43    40   83 
Production taxes  1,450   970    1,818   2,788 
Accretion expense on obligations  2,168   789    1,279   2,068 
Depreciation, depletion and amortization  4,373   2,730    19,194   21,924 
General and administrative expenses  6,653   2,029    7,923   9,952 
Impairment of oil and natural gas properties  73,151           
(Gain) loss on sales of oil and natural gas properties  (5)  (19)   7   (12)
Total operating costs and expenses  109,859   16,046    48,331   64,377 
              
Operating income (loss)  (79,272)  5,674    (5,242)  432 
              
Other income (expense), net:             
Gain (loss) on derivatives, net  16,430   (4,232)   45   (4,187)
Interest expense  (1,315)  (1,199)   (3,176)  (4,375)
Other income, net  2,965   27    474   501 
Total other income (expense), net  18,080   (5,404)   (2,657)  (8,061)
              
Reorganization items, net     (808)   (587,325)  (588,133)
              
Loss before income taxes  (61,192)  (538)   (595,224)  (595,762)
              
Income tax benefit  285       148   148 
              
Net loss $(60,907) $(538)  $(595,076) $(595,614)
              
Basic and diluted earnings per share / unit:             
Net loss $(6.05) $(0.05  $(11.81)   
              
Weighted average common shares / units outstanding:             
Basic  10,064   10,000    49,369    
Diluted  10,064   10,000    49,369    


              
  Successor  Predecessor  
            Combined
  Six Months One Month  Five Months Six Months
  Ended Ended  Ended Ended
  June 30, 2019 June 30, 2018  May 31, 2018 Jun 30, 2018
Revenues:             
Oil, natural gas and natural gas liquids revenues $73,415  $21,535   $110,307  $131,842 
Transportation and marketing–related revenues  1,018   185    724   909 
Total revenues  74,433   21,720    111,031   132,751 
              
Operating costs and expenses:             
Lease operating expenses  44,954   9,375    45,372   54,747 
Cost of purchased natural gas  714   129    557   686 
Dry hole and exploration costs  39   43    122   165 
Production taxes  3,643   970    5,343   6,313 
Accretion expense on obligations  4,378   789    3,176   3,965 
Depreciation, depletion and amortization  9,345   2,730    46,196   48,926 
General and administrative expenses  13,023   2,029    15,648   17,677 
Restructuring costs         5,211   5,211 
Impairment of oil and natural gas properties  99,279       3   3 
(Gain) loss on sales of oil and natural gas properties  (18)  (19)   5   (14)
Total operating costs and expenses  175,357   16,046    121,633   137,679 
              
Operating income (loss)  (100,924)  5,674    (10,602)  (4,928)
              
Other income (expense), net:             
Gain (loss) on derivatives, net  (344)  (4,232)   444   (3,788)
Interest expense  (2,834)  (1,199)   (13,652)  (14,851)
Gain on equity securities  4,593           
Other income, net  2,827   27    776   803 
Total other income (expense), net  4,242   (5,404)   (12,432)  (17,836)
              
Reorganization items, net     (808)   (587,325)  (588,133)
              
Loss before income taxes  (96,682)  (538)   (610,359)  (610,897)
              
Income tax expense         (166)  (166)
              
Net loss $(96,682) $(538)  $(610,525) $(611,063)
              
Basic and diluted earnings per share / unit:             
Net loss $(9.62) $(0.05)  $(12.12)   
              
Weighted average common shares / units outstanding:             
Basic  10,053   10,000    49,369    
Diluted  10,053   10,000    49,369    
                 


Unaudited Condensed Consolidated Statements of Cash Flows
($ in thousands)
           
  Successor  Predecessor
  Six Months One Month  Five Months
  Ended Ended  Ended
  June 30, 2019 June 30, 2018  May 31, 2018
Cash flows from operating activities:          
Net loss $ (96,682) $ (538)  $ (610,525)
Adjustments to reconcile net loss to net cash flows provided by          
operating activities:          
Accretion expense on obligations   4,378    789     3,176 
Depreciation, depletion and amortization   9,345    2,730     46,196 
Equity–based compensation cost   763    —     3,784 
Impairment of oil and natural gas properties   99,279    —     3 
(Gain) loss on sales of oil and natural gas properties   (18)   (19)    5 
Gain on equity securities   (4,593)   —     — 
(Gain) loss on derivatives, net   344    4,232     (444)
Cash settlements of matured derivative contracts   3,525    —     3,099 
Reorganization items, net   —    —     573,304 
Other   1,218    60     248 
Changes in operating assets and liabilities:          
Accounts receivable   14,066    876     (3,518)
Other current assets   1,369    (354)    1,853 
Accounts payable and accrued liabilities   (1,532)   1,490     4,405 
Other, net   (2,382)   (790)    69 
Net cash flows provided by operating activities    29,080    8,476     21,655 
           
Cash flows from investing activities:          
Additions to oil and natural gas properties   (1,794)   (7,220)    (29,727)
Reimbursements related to oil and natural gas properties   2,069    —     652 
Proceeds from sale of oil and natural gas properties   41,458    16     3 
Proceeds from sale of equity securities   51,675    —     — 
Other   26    —     26 
Net cash flows provided by (used in) investing activities   93,434    (7,204)    (29,046)
           
Cash flows from financing activities:          
Repayment of long-term debt borrowings   (115,000)   (17,000)    — 
Long–term debt borrowings   —    —     34,000 
Loan costs incurred   —    —     (2,813)
Purchase of treasury stock   (167)   —     — 
Contributions from general partner   —    —     40 
Other   (10)   —     — 
Net cash flows provided by (used in) financing activities   (115,177)   (17,000)    31,227 
           
Increase (decrease) in cash, cash equivalents and restricted cash   7,337    (15,728)    23,836 
Cash, cash equivalents and restricted cash – beginning of period   6,313    28,732     4,896 
Cash, cash equivalents and restricted cash – end of period $ 13,650  $ 13,004   $ 28,732 

Non-GAAP Measures

The Company defines Adjusted EBITDAX as net (loss) income plus income taxes; interest expense, net; depreciation, depletion and amortization; accretion expense on obligations; loss (gain) on derivatives, net; cash settlements of matured commodity derivative contracts; non-cash equity-based compensation; impairment of oil and natural gas properties; non-cash oil inventory adjustment; dry hole and exploration costs; gain on sales of oil and natural gas properties; reorganization items, net; and (gain) loss on equity securities.

Adjusted EBITDAX is used by the Company’s management to provide additional information and statistics relative to the performance of the business, including (prior to the creation of any reserves) the cash return on investment. The Company believes this financial measure may indicate to investors whether or not it is generating cash flow at a level that can support or sustain quarterly interest expense and capital expenditures. Adjusted EBITDAX should not be considered as an alternative to net income, operating income, cash flows from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. Adjusted EBITDAX excludes some, but not all, items that affect net income and operating income and this measure may vary among companies. Therefore, Harvest’s Adjusted EBITDAX may not be comparable to similarly titled measures of other companies.

 
Reconciliation of Net Loss to Adjusted EBITDAX
($ in thousands)
                
  Three Months Ended  Six Months Ended
  Successor Combined Successor Successor Combined
  Jun 30, Jun 30, Mar 31, Jun 30, Jun 30,
  2019
 2018
 2019
 2019
 2018
Net loss $(60,907) $(595,614) $(35,775) $(96,682) $(611,063)
                
Add:               
Income taxes  (285)  (148)  285      166 
Interest expense, net  1,315   4,375   1,519   2,834   14,850 
Depreciation, depletion and amortization  4,373   21,924   4,972   9,345   48,926 
Accretion expense on obligations  2,168   2,068   2,210   4,378   3,965 
Loss (gain) on derivatives, net  (16,430)  4,187   16,774   344   3,788 
Cash settlements of matured commodity derivative contracts  2,807      717   3,524   1,559 
Non-cash equity-based compensation  664   3,197   99   763   3,784 
Impairment of oil and natural gas properties  73,151      26,128   99,279   3 
Non-cash oil inventory adjustment     (204)        (204)
Dry hole and exploration costs     83   39   39   165 
Gain on sales of oil and natural gas properties  (5)  (12)  (13)  (18)  (14)
Reorganization items, net (1)     588,133         588,133 
(Gain) loss on equity securities        (4,593)  (4,593)   
Adjusted EBITDAX $6,851  $27,989  $12,362  $19,213  $54,058 
________________________
(1) 
Represent costs, gains and losses directly associated with the Company’s filing for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code since the petition date, and also includes adjustments to reflect the carrying value of certain liabilities subject to compromise at their estimated allowed claim amounts, as such adjustments are determined.


Total Current Hedge Position             
              
Period Index Swap Volume Swap Price      
Natural Gas (MMBtus):             
Jul - Dec 2019 NYMEX  12,880,000 $ 2.77      
Jan - Dec 2020 NYMEX  23,790,000   2.71      
              
Crude (Bbls):             
Jul - Dec 2019 WTI  372,600 $ 63.37      
Jan - Dec 2020 WTI  667,950   60.51      
              
Ethane (Bbls):             
Jul - Dec 2019 Mt Belvieu  322,000 $ 11.51      
Jan - Dec 2020 Mt Belvieu  512,400   11.91      
              
Propane (Bbls):             
Jul - Dec 2019 Mt Belvieu  165,600 $ 32.76      
Jan - Dec 2020 Mt Belvieu  256,200   29.23      
              

Harvest Oil & Gas Corp., Houston, TX
Ryan Stash
713-651-1144
hvstog.com

 

Primary Logo


Source: GlobeNewswire (August 14, 2019 - 8:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice