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CM - Roan spending less in Q2 than expected, output will step up - June 2019
Roan Resources, Inc. announced June 14 that it will spend 10% less in Q2 than original guidance of $155 million because of lower-trending drilling and completion costs. While it spends less, it will produce slightly more as Q2 production will exceed 50,000 boe/d from adjusted guidance of 49,000 boe/d, when factoring in ethane rejection. “We remain focused on executing on our development program and achieving free cash flow by the fourth quarter of 2019 while still growing production 20-25% year over......
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