HighPoint Resources Provides Operations Update, including Positive Hereford Field Results and Announces Third Quarter Production at the High End of Guidance Range
HIGH POINT RESOURCES CORP (HPR)
Last high point resources corp earnings: 2/26 04:21 pm
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Source: GlobeNewswire
DENVER, Oct. 07, 2019 (GLOBE NEWSWIRE) -- HighPoint Resources Corporation (“HighPoint” or the “Company”) (NYSE: HPR) today provided an operations update, including positive results from the Hereford Field (“Hereford”) and announces third quarter of 2019 production at the high end of its guidance range. Highlights include: Third quarter production sales volume expected to be 3.4 million barrels of oil equivalent (“MMBoe”), which is a 20% sequential increase over the second quarter of 2019 and at the high end of guidance despite depressed processing yieldsThird quarter oil volumes are expected to be 2.18 million barrels (“MMBbls”) or 64% of total equivalent production sales volume, which is a 25% sequential increase over the second quarter of 2019Strong operating results from Hereford with wells in DSU 11-63-16 exhibiting a 75% current daily production increase over previously completed wells Early results in DSU 11-63-17 demonstrating 30% higher initial total fluid productivity co
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