HighPoint Resources Corporation (NYSE: HPR)
Company Overview
HighPoint Resources (formed in 2018 through the combination of Bill Barrett Corporation and Fifth Creek Energy) is a Denver-based E&P company focused on the development of oil and natural gas assets located in the Denver-Julesburg (“DJ”) Basin of Colorado.
DJ Basin Location; Source: HighPoint Resources
- Plans to spud 120-125 XRL wells
- Appointed Paul Geiger, from Southwestern Energy, to COO back in June
- During Q1-2018, HighPoint averaged 4.2 days per well to frac a five-well DSU that included over 400 frac stages being completed.
Summary
- Q1-2018 Revenue: $ 72 million
- Q1-2018 Production: 21 (MBOE/day)
- Total Common Stock Outstanding: 212 million
- Enterprise Value: $ 1.7 billion
- Total Debt: $ 618 million
- 1P Reserves: 86 MMboe
- Operating Margin: -0.82%
Management Team
Scot Woodall –President, CEO
Terry R. Barrett – Senior Vice President, Geosciences
William M. Crawford – CFO
David R. Macosko – Senior Vice President, Accounting
Troy L. Schindler – Senior Vice President, Operations
William K. Stenzel – Senior Vice President, Corporate Development and Planning
The Oil and Gas Conference®
HighPoint Resources Corporation is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
