HighPoint Resources Reports Third Quarter 2018 Financial and Operating Results
HIGH POINT RESOURCES CORP (HPR)
Last high point resources corp earnings: 2/26 04:21 pm
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Source: GlobeNewswire
Early DUC and development well performance validates the productivity and extent of the Hereford Field and the Company's economic model for full field developmentPositive early production data from initial Hereford drilling and spacing unit ("DSU") as the wells are currently producing at a rate of 480 Boe/d (~90% oil) per well after approximately three weeks utilizing modified controlled flowback and continue to increaseReported production sales volume of 2.74 million barrels of oil equivalent ("MMBoe") (63% oil) for the third quarter of 2018, represents an increase of 43% from the third quarter of 2017Oil production sales volume of 1.72 million barrels of oil ("MMBbls") for the third quarter of 2018, represents an increase of 43% from the third quarter of 2017Delivered basin operating margin1 of $40.69 per Boe, an increase of 44% over the third quarter of 2017 and driven by high oil weighting, an attractive oil price differential of $2.51 per barrel and low operating costsLease opera
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