Harvest Oil & Gas Corp. Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2019; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2019; Provides Production Guidance for the First Half and Second Half of 2020
For the year, the company reported average daily production of 99.9 MMcfe/d against 170.5 MMcfe/d a year ago.
For the quarter, the company reported impairment of oil and natural gas properties was $13,478 million against $500 million a year ago.
For the first half of 2020, the company expects total production of 6,481 Mmcfe to 7,164 Mmcfe. Average daily production of 36 Mmcfe/d to 39 Mmcfe/d.
For the second half of 2020, the company expects total production of 4,531 Mmcfe to 5,008 Mmcfe. Average daily production of 25 Mmcfe/d to 27 Mmcfe/d.