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Rosehill Resources cutting projected expenditures by 40%
Rosehill Resources Inc. announced capital spending plans ranging $220-240 million in 2019, along with guidance pointing to EBITDAX of $210-230 million and flexibility based on the direction of commodity prices. The 2019 capex guidance is about 40% lower at midpoint than the $350-375 million range it had provided for 2018 spending. Despite the decrease in spending, Rosehill said it would increase production by more than 25% to 20,000-21,500 boe/d, of which about 75% would be oil and......
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