WildHorse Resource Development (WRD) Announces Reserves, Operational Update, and 2018 Guidance
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WildHorse Resource Development Corporation Announces Year-End 2017 Reserves, Operational Update, and 2018 Guidance
February 12, 2018 6:01 AM ESTHOUSTON--(BUSINESS WIRE)-- WildHorse Resource Development Corporation (NYSE: WRD) announced today year-end 2017 reserves, an operational update, 2018 guidance, and the construction of an in-field sand mine in Burleson County, TX. In a separate press release, WRD also announced today that it has executed a definitive purchase and sale agreement to divest its North Louisiana assets to a third party. Unless otherwise disclosed, all information in this press release does not give effect to the North Louisiana divestiture. Highlights include:
Year-End 2017 Reserves:
Increased proved reserves by 198% to 454.3 MMboe at year-end 2017 from 152.5 MMboe at year-end 2016... More