HighPoint Resources Corporation reported unaudited consolidated operating results for the fourth quarter and year ended December 31, 2019. For the quarter, the company reported oil production of 2,020 MBbls against 1,970 MBbls a year ago. Natural gas production of 5,070 MMCf against 3,912 MMCf a year ago. NGLs production of 635 MBbls against 490 MBbls a year ago. Combined volumes of 3,500 Mboe against 3,112 Mboe a year ago. Daily combined volumes of 38,043 Boe/d against 33,826 Boe/d a year ago.

For the year, the company reported oil production of 7,668 MBbls against 6,330 MBbls a year ago. Natural gas production of 16,614 MMCf against 12,864 MMCf a year ago. NGLs production of 2,101 MBbls against 1,697 MBbls a year ago. Combined volumes of 12,538 Mboe against 10,171 Mboe a year ago. Daily combined volumes of 34,351 Boe/d against 27,866 Boe/d a year ago.

Provides operational guidance for the first quarter and full year 2020. Production of 10.5-11.0 MMBoe. Production is estimated to be approximately 57%-58% oil. Includes the effect of excluding approximately 0.6 MMBoe associated with anticipated non-core asset sales.

First quarter of 2020 production is expected to approximate 2.7-2.8 MMBoe (approximately 53% oil). This represents lower sequential production from the fourth quarter of 2019 as a result of lower aggregate spending during the second half of 2019 and downtime associated with workover activity on the Section 17 wells in Hereford.

For the fourth quarter ended December 31, 2019, the company reported impairment expense of $3,854,000.