Exhibit 99.1




Roan Resources, Inc. Reports Preliminary(1) Fourth Quarter and Full-Year 2018 Results

OKLAHOMA CITY, March 18, 2019 – Roan Resources, Inc. (NYSE: ROAN) (“Roan” or the “Company”) today announced preliminary fourth quarter and full-year 2018 operating and financial results.

Fourth Quarter and Full-Year 2018 Highlights



Fourth quarter production of 54.1 thousand barrels of oil equivalent per day (MBoe/d) (27% oil, 31% NGLs, 42% gas), with a 25% increase in oil production as compared to the third quarter 2018;



Full-year production of 43.7 MBoe/d (27% oil, 29% NGLs, 44% gas), a 170% increase in total production and 200% increase in oil production as compared to the full-year 2017 period;



Fourth quarter net income was $148.2 million, or $0.97 per diluted share; fourth quarter adjusted EBITDAX (non-GAAP) was $87.8 million;



Fourth quarter capital expenditures totaled $217.2 million, an 11% decrease from third quarter 2018; and



2018 proved reserves increased approximately 32% to 306 MMBoe and $2.1 billion of PV-10 value at year-end 2018 SEC prices.

“2018 was a transformative year for Roan,” said Tony Maranto, Roan’s Chairman and Chief Executive Officer. “We achieved several corporate and operational milestones throughout the year and are an entirely different company from where we started last January. We grew both oil and total production substantially over 2017 and are now well positioned to implement our 2019 plan to increase production by 30% over the 2018 period and generate free cash flow by the fourth quarter of the year.”

Operational Update

Roan’s fourth quarter 2018 average daily production was approximately 54.1 MBoe/d (27% oil, 31% natural gas liquids (NGLs), 42% gas), up 16% over third quarter 2018 with oil production up approximately 25% over third quarter 2018. Full-year 2018 production averaged 43.7 MBoe/d (27% oil, 29% NGLs, 44% gas).


     4Q 2018      3Q 2018      4Q 2017      FY 2018      FY 2017  

Production Data:


Oil (MBbls)

     1,360        1,089        570        4,364        1,454  

Natural gas (MMcf)

     12,404        11,417        7,059        41,890        17,582  

Natural gas liquids (MBbls)

     1,550        1,286        613        4,592        1,524  

Total volumes (MBoe)

     4,977        4,278        2,360        15,938        5,908  

Average daily total volumes (MBoe/d)

     54.1        46.5        25.6        43.7        16.2  



Our audit relating to the financial information included in this earnings release is not yet complete. Accordingly, the information herein is subject to change as we complete our annual audit process.

The following information was filed by Roan Resources, Inc. (ROAN) on Tuesday, March 19, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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