Water Tower Research sees opportunity for major growth for HighPeak Energy
Water Tower Research Managing Director of Natural Resources Jeff Robertson joined Steve Darling from Proactive to share some insight into HighPeak Energy. This company is a Midland Basin-focused independent oil and gas exploration and production company that owns approximately 51,000 net acres in the eastern portion of Howard County, Texas. The company operates approximately 93% of its acreage and owns an average of 84% working interest in the operated acreage.
Robertson telling Proactive the company’s management has laid out a $135 to $150 million capital program for 2021 that aims to generate average daily production of 10.5 to 12.0 MBOE/d for the full year. Production was about 7.8 MBOE/d in mid-March.