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ROAN - Roan Resources: Q3 2019 Results Point To A Viable Future For The Merge
Roan Resources Inc. Class A
Roan Resources (ROAN) reported solid Q3 2019 production results, indicating that its merge acreage looks capable of generating decent returns for Citizen Energy in the future. Due to the relatively low oil percentage of most of the merge wells though, realized prices for natural gas and NGLs will need to improve for Roan to sustain heavy development activity though.
Q3 2019 Results
Roan reported solid production results in Q3 2019, with its average daily production reaching 53,700 BOEPD (26% oil) during the quarter. This was a 6% increase in total production and