Oil production guidance up 12%, CapEx up 18%
Jagged Peak Energy (ticker: JAG) reported second quarter earnings last week, showing net income of $45.1 million, or $0.21 per share.

Jagged Peak produced a record 34.6 MBOEPD in Q2, 8% above the high end of guidance. This means the company’s production grew by 25% sequentially and 135% year-over-year.

Like many other major E&P companies that have been reporting, Jagged Peak is increasing full year guidance for production and capital spending. The company now expects to produce an average ...

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