Riviera Resources, Inc. Provides Production Guidance for the Third Quarter and Full Year of 2019; Reports Production Results for the Second Quarter and Six Months Ended June 30, 2019
For the year, the company expects net production to 240 - 270 MMcfe/d. Natural gas updated to 195 - 220 MMcf/d. Oil guidance updated to 1,500 - 1,800 Bbls/d. NGL guidance updated to 6,000 - 6,500 Bbls/d.
The company reported production results for the second quarter and six months ended June 30, 2019. For the quarter, the company reported average daily production of 286 MMcfe/d compared to 312 MMcfe/d for the same period last year.
For the six months, the company reported average daily production of 275 MMcfe/d compared to 356 MMcfe/d for the same period last year.