Permian Basin player Rosehill Resources Inc. expects its third-quarter 2019 average net production to grow by about 8% compared to the second quarter, the company said Sept. 19.

Rosehill, which is focused on the Delaware sub-basin, said third-quarter production could be between 20,000 and 21,000 barrels of oil equivalent per day.

“As we previously indicated, the third quarter is a meaningful inflection point for our production trajectory given the number of wells completed in our Northern Delaware area as well as contribution from completion work in the Southern Delaware area that carried into the quarter,” Rosehill CEO David French said in a news release.

“Most of the Northern Delaware wells were placed online in late August and early September, providing momentum into the remainder of 2019 and supplemented by our planned fourth quarter drilling and completion activity,” French said.

The company said it has placed onto production nine wells in the Northern Delaware area and four wells in the Southern Delaware area to date in the quarter.

Rosehill also said it resumed drilling operations in September on a two-well pad in the Northern Delaware area targeting the Wolfcamp B formation and expect to drill two wells in the Southern Delaware in early October.

“Our fall borrowing base redetermination is currently underway, and we expect the contribution from this along with our drilling activities to meaningfully improve our liquidity over the remainder of the year,” French said. “We look forward to providing additional results with our third-quarter earnings announcement.”

Onshore