IPhone X Case 4764

Going forward, we expect oil as a percent of total production to be approximately 60% and this number can fluctuate slightly quarter to quarter depending on how much capital is allocated to our higher GOR area within Reeves County.On Page 21, revenues for the fourth quarter were $166 million compared to approximately $112 million in the third quarter. This 48% increase was driven primarily by higher sales volumes and a $52.45 realized oil price before hedges in Q4 compared to $44.95 in Q3. The last of our legacy oil swaps went off at year end, so we currently have full exposure to oil prices going forward.These operating expenses including workover costs totaled approximately $14.4 million for the fourth quarter or $3.54 per BOE.

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iPhone Cases
iPhone Cases
iPhone Cases
iPhone Cases
iPhone Cases