HOUSTON, Sept. 18, 2018 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) announced the Company’s net daily production exceeded 20,000 barrels of oil equivalent (“BOE”) in early September. This production level was achieved based on strong performance from wells recently placed online on the Weber lease in Loving County, Texas along with contributions from Lea County, New Mexico and the Company’s Southern Delaware operating area. Rosehill continues to demonstrate and expect strong production growth in 2018 and beyond from the Company’s prolific acreage in the Delaware Basin.
In the Southern Delaware operating area, the Company is in the flowback period for its first wells and expects to report initial results in the fourth quarter of 2018 once an appropriate amount of data is obtained and the necessary infrastructure is in place.
Gary Hanna, Chairman of the Board, Interim President and Chief Executive Officer, commented, “We are very pleased to have surpassed this important production milestone. Since the business combination that resulted in Rosehill’s formation, we have grown production over 400% on a net BOE basis, compared to the average production in 2016. The results of the wells on our Weber lease in Loving County helped drive a significant increase to our production in late August and early September. As we enter the fourth quarter of 2018, we fully expect to finish the year strong by executing on the remaining steps of our operating plan.”
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 in 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 the Northern Delaware Basin and the Southern Delaware Basin, as well as focused acquisitions in the Delaware Basin.