Current ROAN Stock Info

By Bevo Beaven, Editor, Oil & Gas 360
Merge, SCOOP and STACK producer Roan Resources, Inc. (stock ticker: ROAN) said it expects 2Q production to exceed 50 MBOEPD, which compares to adjusted guidance of approximately 49 MBoe/d, when accounting for ethane rejection. The company elected to reject ethane in the month of June, which impacts monthly volumes by approximately 3.3 MBoe/d. Previous second quarter guidance of 50 MBOEPD incorporated ethane recovery in June, the company said. The company anticipates 14 gross operated wells to be turned to first sales during June and July.

Roan said it is projecting CapEx to come in approximately 10% below prior guidance of $155 million as a result of lower drilling and completion costs.

Roan ...

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