HighPoint Resources (HPR) Misses Q3 EPS by 1c, Revenues Beat

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Go back to HighPoint Resources (HPR) Misses Q3 EPS by 1c, Revenues Beat

HighPoint Resources Reports Third Quarter 2018 Financial and Operating Results

October 31, 2018 4:08 PM EDT

Early DUC and development well performance validates the productivity and extent of the Hereford Field and the Company's economic model for full field developmentPositive early production data from initial Hereford drilling and spacing unit ("DSU") as the wells are currently producing at a rate of 480 Boe/d (~90% oil) per well after approximately three weeks utilizing modified controlled flowback and continue to increaseReported production sales volume of 2.74 million barrels of oil equivalent ("MMBoe") (63% oil) for the third quarter of 2018, represents an increase of 43% from the third quarter of 2017Oil production sales volume of 1.72... More