EnerCom Dallas presenter Evolution Petroleum Corporation (ticker: EPM) provided updated operating results for its Delhi field. Gross oil production for the quarter ended December 31, 2017 averaged almost 7,400 BOPD, up from approximately 6,900 BOPD in the prior quarter. Field production recovered from lower levels seen in the late summer that were caused by hot weather and facility downtime. Production
Bonanza Creek Energy, Inc. (ticker: BCEI) exceeded the company’s high-end of Q4 2017 estimates by producing 14.8 MBOEPD. The company is expecting Rockies production to grow by 20% in 2018 and in 2019 Bonanza Creek said it expects an increase of 50% or more. Expanding core footprint in DJ with French Lake “In 2017, we secured our strategically important leasehold
Approximately 80% of 2018 capital is projected to be spent in the Marcellus, generating greater than 25% growth Range Resources Corporation (ticker: RRC) announced a 2018 capital budget of $941 million, which is below anticipated 2018 cash flow at current strip prices and generates annual production growth of approximately 11%. Additionally, Range announced a five-year outlook from 2018 through 2022
Hi-Crush Partners LP (ticker: HCLP) has entered into a new $200 million Senior Secured Term Loan Credit Agreement and a new five-year Revolving Credit Agreement. Additionally, the company completed $20 million of unit repurchases and received necessary approvals to execute the remaining $80 million of authorized unit repurchases. The new $200 million Term Loan replaces the Partnership’s previous $200 million
Delaware acquisition complete, doubles Rosehill Resources’ Delaware acreage Rosehill Resources Inc. (ticker: ROSE) has completed its previously announced acquisition of 4,565 net acres and certain producing oil and gas properties in the Southern Delaware basin for $78 million. This transaction nearly doubles the company’s total net acreage to 9,200 net acres, with the potential for additional acreage acquisitions through March
