HighPoint presents at EnerCom’s The Oil & Gas Conference®

HighPoint Resources (ticker: HPR) was formed through the combination of Bill Barrett Corporation and Fifth Creek Energy. HighPoint is a Denver-based exploration and production company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin. HighPoint’s assets are located in the NE Wattenberg and Hereford Fields and in rural settings that are favorable for oil development.

Q2 highlights

  • Drilling completed on first Hereford DSU and flowback commenced from nine previously drilled uncompleted (DUC) extended reach lateral wells
  • Encouraging early production data from Hereford as initial DUCs are performing consistent with base type-curve after the initial 60 days of production
  • Oil production sales volume of 1.51 million barrels of oil for the second quarter of 2018 represent a 67% year-over-year increase
  • Production sales volume of 2.41 MMBoe (63% oil) for the second quarter of 2018 represents an increase of 58% from the second quarter of 2017

Breakout session at the EnerCom conference

During HighPoint’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • How are the numbers on pressures changes going with Newborn?
  • Have the wells at Hereford reached peak production?
  • Are those wells following similar curves
  • When do you bring on the new wells from Hereford?
  • Any update on appetite in new basins?
  • On gas takeaway, how much do you anticipate to be on or off DCP?
  • Effect of initiative 97 on operating acreage and future production in Colorado?
  • Can you give details on current well spacing in some of your operations?
  • From previous initiatives like 97 how have you prepared for the likelihood of these bills passing?
  • Can you talk more on DCP, on bottlenecking in takeaway capacity?
  • What are your thoughts on 12-well spacing compared to increasing to 16-well spacing?
  • Are there any surprises on the flowback for the new or developed pads?
  • Have you looked into shortening your laterals?

You can listen to HighPoint’s presentation here.

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