HOUSTON, Dec. 21, 2017 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ:ROSE) and (NASDAQ:ROSEW) today announced that it has completed the acquisition of an additional 1,940 net acres, certain mineral and royalty interests, and two producing wells, in the Southern Delaware Basin in Pecos County, Texas for $39.0 million. Approximately $33.0 million of the purchase price was allocated to the 1,940 net acres, purchased under the same terms as the Company’s recent, related acquisition of 4,565 net acres in Pecos County. The Company’s total net acreage has now increased to 11,150 net acres (over 400 gross Wolfcamp A, Wolfcamp B and Bone Spring locations) with the potential for additional acreage acquisitions from the same seller, under the terms of the agreement.
About Rosehill Resources Inc.
Rosehill Resources Inc. is an oil and gas exploration company with producing assets in Texas and New Mexico with its investment activity focused on the Delaware Basin portion of the Permian Basin. The Company’s strategy for growth includes the organic development of its two core acreage areas in Loving and Lea counties, and Pecos and Reeves counties, as well as focused acquisitions in the Delaware Basin.