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MCS - Roan Resources Highlights - November 20, 2019
Roan Resources has elected to temporarily curtail its drilling and development activity and to suspend all completion activity. This reduction is intended to allow new CEO Rick Gideon time to assess the company’s overall operations plan. The company is merging with Citizen Energy, with the transaction set to close in Q4 or 1Q20. Q3 production averaged 4,939 boe/d, up 6% sequentially. A total of 14 wells were drilled and 18 turned to sales during......
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