Rosehill Resources Inc.

Rosehill Resources Inc. and Rosehill Operating Company, LLC announced today that they have commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, pursuant to the terms of the previously announced Restructuring Support Agreement between the Company, the lenders under Rosehill’s revolving first lien credit facility, holders of Rosehill’s [...]

Rosehill Resources Inc. and Rosehill Operating Company, LLC announced today that Rosehill has entered into a Restructuring Support Agreement with the lenders under Rosehill’s revolving first lien credit facility, holders of Rosehill’s second lien notes and the Company’s Series B Preferred Stock, and Tema Oil and Gas Company, as the holder of approximately 66.8% and 35.2% of the equity interests in Rosehill Operating and [...]

Rosehill Resources Inc. today reported financial and operational results for the fourth quarter and year ended December 31, 2019. Fourth Quarter 2019 and Current Highlights: Average net production of 22,157 barrels of oil equivalent per day Reported a net loss attributable to Rosehill of $17.5 million, or $1.15 per diluted share, for the fourth quarter of 2019, which includes a $22.7 million non-cash, pre-tax loss on [...]

Rosehill Resources Inc. today provided an operational and financial update and withdrew its previously issued 2020 guidance in light of deteriorating global markets and commodity prices. Capital Activity and Guidance The Company has halted all drilling and completion activity for 2020. The Company now has five drilled uncompleted wells all located in Loving County after drilling eight wells and completing eight wells to [...]

Rosehill Resources Inc. today announced proved reserves as of December 31, 2019, preliminary fourth quarter 2019 average net production and provided an operational update. Key Highlights: Preliminary average net production of approximately 22,100 barrels of oil equivalent per day for the fourth quarter of 2019, an increase of 7% compared to the third quarter of 2019 despite only three wells being placed online during the [...]

Rosehill Resources Inc. today announced that Tema Oil & Gas Company has exchanged 14.1 million shares of its Class B Common Stock for an equivalent number of shares of Class A Common Stock. After the exchange, Tema holds approximately 15.7 million shares of Class B Common Stock and 14.1 million shares of Class A Common Stock. Tema has informed the Company that the exchange was driven in part by tax planning considerations [...]

Rosehill Resources Inc. today announced its 2020 guidance along with an operational update. 2020 Guidance: Expecting cash flow neutrality, or better for 2020 based on forecasted production, capital expenditures and cash flow Estimated 2020 annual production guidance of 19,500 – 21,500 Boepd Planned 2020 capital expenditures of $155 - $175 million, approximately 30% less than midpoint of 2019 guidance with over 90 [...]

Rosehill Resources Inc. today announced its participation in two upcoming investor conferences. Members of executive management will be participating in the following: Southwest IDEAS Investor Conference – November 20, 2019 in Dallas. Management will present at 3:00 p.m. Central and participate in one-on-one meetings. Capital One Securities 14th Annual Energy Conference – December 11, 2019 in Houston [...]

Rosehill Resources Inc. today reported financial and operational results for the quarter ended September 30, 2019. Third Quarter 2019 Highlights and Recent Items: Average net production of 20,576 barrels of oil equivalent per day , with September average net production of approximately 23,000 BOEPD Reported net income attributable to Rosehill of $20.9 million, or $0.88 per diluted share, for the third quarter of 2019 [...]

Rosehill Resources Inc. announced that it plans to release its third quarter 2019 financial and operating results after market close on November 7, 2019 and will host a conference call to discuss those results and updates on November 8, 2019 at 10:00 a.m. Central Time . Interested parties may participate by dialing 601-1105 from the United States or 775-1347 from outside the United States. The conference call I.D. number [...]