WildHorse Resource Development (WRD) Offers Update on Reserves and Guidance
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WildHorse Resource Development Corporation Announces Year-End 2016 Reserves, Operational Update, and 2017 Guidance
February 28, 2017 7:00 AM ESTHOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today year-end 2016 reserves, an operational update, and 2017 guidance. Highlights include:
Year-End 2016 Reserves:
Reported year-end 2016 proved reserves of 152.5 MMboe, an increase of 48% from 103.0 MMboe at year-end 2015 Increased proved, probable and possible (3P)(1) reserves by 59% to 818.9 MMboe at year-end 2016 from 515.8 MMboe at June 30, 2016 (WRDs last 3P reserve audit date) At year-end 2016, 3P reserves were 494.2 MMboe in the Eagle Ford and 324.8 MMboe in North Louisiana, an increase of 90% and 27% from June 30, 2016, respectively... More