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Rosehill Resources Drilling, Completing White Wolf in 2018

Rosehill Resources Drilling, Completing White Wolf in 2018

Rosehill Resources Inc. (ticker: ROSE) expects to drill 16 to 22 new wells in the White Wolf area in 2018 and expects to complete 12 to 16 of those wells. While most of these wells will have lateral lengths of approximately 5,000 feet, the company is projecting four to eight extended lateral wells greater than 7,000 feet in 2018. Rosehill did not acquire any additional acreage under the White Wolf purchase agreement. Rosehill’s total acreage position in this area stands at 6,505 net acres. The company is surveying, staking and permitting the first four White Wolf well locations, with the first well expected to spud in April, with early well results expected this summer. All four initial wells will target the Wolfcamp B. Operational update In late December, the company’s net daily production exceeded 10,000 net BOE. However, Rosehill said, due to severe cold weather, simultaneous operations downtime from Rosehill[Read More…]