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

Rosehill Resources (ticker: ROSE) is a pure play Delaware Basin E&P focused on growing production and reserves in the core of the Delaware Basin. Rosehill has more than 11,000 net acres with over 470 drilling locations across multiple stacked horizons. Rosehill headquartered in Houston, Texas.

Q2 highlights

  • Grew average net production to 18,429 barrels of oil equivalent per day (“BOEPD”) (72% oil and 86% total liquids) for the second quarter of 2018, an increase of 50% compared to the first quarter of 2018
  • Reported net income attributable to Rosehill of $9.2 million for the second quarter of 2018, which included a $15.2 million non-cash income tax benefit, partially offset by a $10.8 million non-cash, pre-tax loss on commodity derivative instruments
  • Delivered Adjusted EBITDAX of $49.2 million for the second quarter of 2018, an increase of 41% over the first quarter of 2018
  • Reduced combined lease operating and cash general and administrative expenses per barrel of oil equivalent (“BOE”) by $2.84, or 21%, compared to first quarter of 2018
  • Increased the borrowing base under the Company’s credit facility to $210 million, up from $150 million
  • Spud nine operated horizontal wells and completed eight wells in the second quarter of 2018, with six total drilled and uncompleted (“DUC”) wells at June 30, 2018
  • Tatanka Federal 001H (LWCA), completed in Lea County, New Mexico, began flowing back on July 13 and reached an initial production rate during a 24 hour period of 1,532 BOEPD, 85% oil, or 361 BOEPD per 1,000 ft.

Breakout session at the EnerCom conference

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

  • Please talk about acquisition or land purchase opportunities in the southern Delaware Basin?
  • What are your thoughts on water handling opportunities in the basin?
  • Is there any balance sheet goal for your company to maintain, such as EBITDA or margin?
  • What are your thoughts on sand handling in the Delaware?
  • Please talk about the capacity for additional production in the Delaware Basin. How about the pipeline, and truck capacity?
  • What you do see as leading fracing tech?

You can listen to Rosehill’s presentation here.

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