Permian Pure-play Rosehill Announces Partial Equity Exchange

Rosehill Resources also recently released a 2020 plan highlighted by a 30% reduction in capex for comparable year-over-year production in 2019.

Hart Energy Staff

Permian Basin pure-play Rosehill Resources Inc. announced the partial conversion of its Class B common stock in a company release on Dec. 27

Rosehill, an independent oil and gas company focused on the Permian’s Delaware sub-basin, said Tema Oil & Gas Co. exchanged 14.1 million shares of its Class B stock for an equivalent number of shares of Class A stock.

Tema, an affiliate of Rosehill Resources, traces its origins to American Oil Co. (Amoco), which has operated in West Texas for more than 50 years. The company is sole owner of Rosehill’s Class B stock.

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