SRC Energy (SRCI) Raises Q2 Production Guidance

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Go back to SRC Energy (SRCI) Raises Q2 Production Guidance

SRC Energy Inc. Issues Preliminary Second Quarter 2017 Results; Provides Operations Update; Announces Second Quarter 2017 Earnings Release and Conference Call Dates

July 24, 2017 4:00 PM EDT

DENVER, CO -- (Marketwired) -- 07/24/17 -- SRC Energy Inc. (NYSE MKT: SRCI) ("SRC" or the "Company"), an oil and natural gas exploration and production company focused in the Denver-Julesburg Basin, today issues preliminary second quarter 2017 operating results, provides an operations update and announces its second quarter 2017 earnings release and conference call dates.

Production and Average Realized Pricing Summary

---------------------------------------------------------------------------- Three Months Ended ----------------------------------------------- 6/30/2017 3/31/2017 Seq. % Chg. 6/30/2016 Average Daily Volumes 3-Stream 2-Stream ----------------------------- Daily Production (BOE/day) 32,624 17,743 84% 11,098 Liquids % 65% 64% 50% Product Price Received ----------------------------- Crude Oil ($/Bbl) $41.15 $42.87 -4% $35.06 Natural Gas Liquids ($/Bbl) $13.18 $15.94 -17% NA Natural Gas ($/Mcf) $2.29 $2.66 -14% $2.04 Differentials -----------------------------... More