Jagged Peak Energy Inc. Reports Unaudited Production Results for the Second Quarter and Six Months Ended June 30, 2019; Reports Impairment of Unproved Oil and Natural Gas Properties for the Second Quarter Ended June 30, 2019; Provides Production Guidance for the Third Quarter Ending September 30, 2019 and Full Year of 2019
For the six months, the company reported oil production of 5,179 mbbls compared to 4,416 mbbls a year ago. Natural gas production was 4,503 mmcf compared to 3,886 mmcf a year ago. Ngls production was 851 mbbls compared to 565 mbbls a year ago. Total production was 6,781 mboe compared to 5,629 mboe a year ago.
For the second quarter ended June 30, 2019, the company reported impairment of unproved oil and natural gas properties of $862,000.
For the three months ending September 30, 2019, the company expects average daily equivalent production to be in the range of 38.6 mboe/d to 40.2 mboe/d, average daily oil production to be in the range of 29.4 mbbl/d to 30.6 mbbl/d.
For the full year of 2019, the company expects average daily equivalent production to be in the range of 38.6 mboe/d to 41.0 mboe/d, average daily oil production to be in the range of 29.3 mbbl/d to 31.1 mbbl/d.