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BS - PetroShale grows 2019 output 54%, expects decline in 2020 - April 14, 2020
PetroShale registered robust growth in 2019, exceeding the company’s guidance. Full-year 2019 volumes of 8,680 boe/d (76% liquids) beat the 8,500 boe/d target and were up 54% YOY. Q4 output more than doubled YOY at 12,173 boe/d (88% liquids). PetroShale participated in 95 Bakken and Three Forks wells (20% WI) in 2019. Q4 activity included drilling two operated wells (60% WI), completing and bringing online five operated wells (58% WI) and participating in nine......
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