Rosehill Resources (ticker: ROSE) is a Delaware basin-focused oil and gas company with approximately 5,000 net acres in the basin. Rosehill was formed in 2017 following the combination of Tema Oil and Gas Company and KLR Energy—which operated as a special-purpose acquisition company, or SPAC, for the combination.
Approximately 80% of Rosehill’s acreage in the Delaware Basin is held by production. In the Delaware assets, the company reported 12,956 MBOE in proved reserves, 80.1% of which are liquids. Across the approximately 5,000 net acres, Rosehill has identified approximately 250 gross (225 net) drilling locations. The company’s strategy for growth will include the organic development of its core acreage position in Loving County as well as focused acquisitions in the Delaware basin.
Rosehill, as of December, 2016, had 20 gross operated horizontal wells and one vertical operated well in its portfolio. It also operates 18 vertical and 21 horizontal wells in the Barnett shale, all of which are meant to support the company’s Delaware drilling program.
Source: Rosehill Resources
The company estimates that it holds approximately 11 years of drilling inventory and currently has a two-rig drilling program in effect in the Delaware. Rosehill also holds approximately 4,500 net acres in the Barnett properties, with proved reserves of 1,117 MBOE—49.6% of which are liquids.
Rosehill is led by CEO J.A. (Alan) Townsend. Townsend served Tema Oil and Gas for the previous 16 years in various roles including president and a director since April 2008.
As of June, 2017, Rosehill was listed to join the Russell 3000® Index for the 2017-2018 year. This signifies that the company exhibits high growth potential—by measure of its price-to-book ratios and expected growth rates.
Rosehill Resources is presenting at EnerCom’s The Oil & Gas Conference® 22
Rosehill will be a presenting company at the upcoming EnerCom conference in Denver, Colorado—The Oil & Gas Conference® 22.
The conference is EnerCom’s 22nd Denver-based oil and gas focused investor conference, bringing together publicly traded E&Ps and oilfield service and technology companies with institutional investors. The conference will be at the Denver Downtown Westin Hotel, August 13-17, 2017. To register for The Oil & Gas Conference® 22 please visit the conference website.
