Sunday, December 22, 2024
Shale-well frackers grind to a halt as oil prices collapse- oil and gas 360

Shale-well frackers grind to a halt as oil prices collapse

Reuters DENVER  – Once the fastest growing – and most controversial – oilfield services in the U.S. shale boom, fracking is getting hammered as oil prices near a two-decade low and producers stop completing new wells. Fracking companies, which pump water, sand and chemicals into wells to release trapped oil and gas, helped turn the United States into the largest

Rosehill Reports 273% YOY Production Growth

Houston-based Rosehill Resources Inc. (ticker: ROSE) reported its Q3 results yesterday and held its earnings call last week. Highlights from the Q3 earnings report included: Reported a net loss attributable to Rosehill of $31.4 million, or $4.76 per share, for the three months ended September 30, 2018, which included a $62.3 million non-cash, pre-tax loss on commodity derivative instruments. Third

Rosehill Resources Prices Common Stock Offering

Rosehill Resources Inc. (ticker: ROSE) announced today the pricing of a public offering of 6,150,000 shares of its Class A common stock for aggregate gross proceeds of approximately $37.5 million, before underwriting discounts and commissions and estimated offering expenses,  pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (“SEC”). In connection with the Offering,

Rosehill Resources Produced More Than 18,000 BOEPD in April 2018

Rosehill cuts Loving County spud-to-TD time in half Rosehill Resources Inc. (ticker: ROSE) reported a net loss attributable to Rosehill of $1.3 million, or $(0.22) per share. Rosehill said this loss included an $18.2 million non-cash, pre-tax loss on commodity derivative instruments. For the quarter, Rosehill incurred capital costs of $96 million. Operations Rosehill grew average net first quarter production

Rosehill Resources Production Jumps to 15,000 BOEPD in March

Permian-based Rosehill Resources Inc. (ticker: ROSE) reported a Q4 2017 net loss of $5.3 million, or $(0.87) per diluted share. For the full year of 2017, the company reported a loss of $8.5 million, or $(1.43) per share. In 2017, Rosehill acquired 6,505 acres in the White Wolf acquisition, establishing a second core operating area in the Delaware Basin. The