Highpoint Resources Corporation Announces Production Guidance for the Second Quarter and Six Months Ended 2019; Provides Production Guidance for the Third Quarter and Full Year 2019
For the six months, the company reported oil production was 3,468 MBbls as compared to 2,644 MBbls a year ago. Natural gas was 3,558 MMcf as compared to 3,096 MMcf a year ago. NGLs was 500 MBbls as compared to 386 MBbls a year ago.
The company provided production guidance for the third quarter and full year 2019. for the quarter, the company expected production to be in a range of 3.3-3.4 MMBoe, representing a quarterly sequential increase of approximately 18% at the mid-point of guidance.
For the full year, the company reiterating full-year 2019 production guidance of 12.5-13.0 MMBoe.