Rosehill Resources Inc. to Significantly Expand Its Delaware Basin Position
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, Oct. 30, 2017 (GLOBE NEWSWIRE) -- Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ:ROSE)(NASDAQ:ROSEW)(NASDAQ:ROSEU) today announced that it has agreed to acquire up to 9,100 net undeveloped acres and certain producing oil and gas properties in the Southern Delaware Basin. The agreement remains subject to customary closing conditions and purchase price adjustments. Acquisition Highlights: Purchase price of $77.6 million for the initial identified 4,565 net acres, which includes producing properties with limited production of 40 Boepd; subject to certain conditions, Rosehill may acquire up to an additional 4,535 net acres at the same price per net acreIncreases horizontal drilling potential by over 325 gross locations with opportunities in multiple Wolfcamp A, Wolfcamp B and Bone Spring benches; additional upside potential from deeper Wolfcamp horizonsExpands Rosehill’s Delaware Basin position with up to 9,100 largely contiguous net acres in northwestern Pec
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