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Due to the timing of expected turn-in-lines in the Delaware, as well as the timing of planned third party gas processing expansions in Wattenberg, the company expects Q1 production to decrease slightly compared to Q4 before showing steady sequential growth through the rest of the year. Similarly, the company expects to outspend cash flows in the first half of 2019 before generating its expected free cash flow in the latter half of the year. Oil production for FY19 is expected to grow approximately 20% compared to 2018 volumes while accounting for 41%-45% of total production.

Sees FY19 anticipated capital investments of $810M-$870M. Operating plan designed around the prioritization of delivering strong debt-adjusted per-share metrics and free cash flow generation utilizing a flat $50 WTI oil and $3 NYMEX gas price deck.

Reports Q4 production of approximately 11.8 MMBoe with a December exit rate of approximately 130,000 Boe per day. Reports FY18 oil production increased 32% year-over-year to approximately 17M barrels. Year-end 2018 proved reserves of 545 MMBoe, an approximate 20% increase over year-end 2017 levels with an estimated all-sources reserve replacement of 330%.