Rosehill Resources Inc. (ROSE) Provides 2020 Guidance and an Operations Update
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Rosehill Resources Inc. Provides 2020 Guidance and an Operations Update
December 16, 2019 4:45 PM ESTHOUSTON, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Rosehill Resources Inc. (Rosehill or the Company) (NASDAQ: ROSE, ROSEW, ROSEU) 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 (~70% oil and 85% liquids)  Planned 2020 capital expenditures of $155 - $175 million, approximately 30% less than midpoint of 2019 guidance with over 90% of capital directed toward drilling and completion activities balanced throughout the year Reduced exposure to commodity price volatility with over 80% of estimated 2020 oil production... More