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HighPoint Resources sees Q3 production at high end of guidance

Oct. 07, 2019 11:56 AM ETHighPoint Resources Corporation (HPR) StockHPRBy: Carl Surran, SA News Editor1 Comment
  • HighPoint Resources (HPR +9.5%) says it expects Q3 sales volume will increase 20% Q/Q to 3.4M boe, at the high end of the company's 3.3M-3.4M boe guidance despite depressed processing yields.
  • HPR sees Q3 oil production volumes rising by 25% Q/Q to 2.18M barrels, or 64% of total equivalent production sales volume.
  • Additionally, the company says it achieved strong operating results from its Hereford field, with wells in DSU 11-63-16 exhibiting a 75% current daily production increase over previously completed wells.

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