Rosehill Resources Inc. Completes Initial Delaware Basin Acreage Acquisition and Provides 2018 Guidance
Rose Hill Acquisition Corporation - Class A Ordinary Shares (ROSE)
Last rose hill acquisition corporation - class a ordinary shares earnings: 11/7 05:00 pm
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US:NASDAQ Investor Relations:
ir.rosehillresources.com
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Source: GlobeNewswire
HOUSTON, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ:ROSE) (NASDAQ:ROSEW) today announced that it has completed its previously announced acquisition of 4,565 net acres and certain producing oil and gas properties in the Southern Delaware Basin for $78 million. This transaction nearly doubles the Company’s total net acreage to 9,200 net acres with the potential for additional acreage acquisitions through March 8, 2018, under the terms of the agreement. Additionally, the Company announced its 2018 guidance and preliminary 2019 forecast. Highlights: Purchase price of $78 million for the initial identified 4,565 net acres, which includes producing properties with limited production of 40 barrels of oil equivalent (BOE) per day;Rosehill may acquire up to an additional 4,500 net acres under the same terms, subject to certain conditions;Acquisition acreage has a high average working interest of approximately 86% with all acreage held b
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