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December 28, 2012
16:48 EDTRENResolute Energy acquires additional Texas oil production, drilling inventory
Resolute Energy Corporation announced that it has entered into definitive agreements, and closed an initial transaction, to acquire a 32% working interest in oil assets, including existing production and undeveloped acreage, in the Permian Basin of Texas from private parties for a purchase price of approximately $125M. In addition, Resolute has acquired, for additional consideration of approximately $5.7M, the option to buy the balance of working interest in the field and operations from the sellers. The acquired assets comprise approximately 32% of the sellers' interests in the properties. The remainder of the working interests in the properties can be acquired at the company's option for additional consideration of approximately $261M, under substantially the same terms as the initial transaction, at any time between now and March 18, 2013.
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October 5, 2015
07:17 EDTRENIndependent Petroleum Association of America to hold a conference
IPAA--OGIS is being held in San Francisco on October 5-6.
September 29, 2015
14:09 EDTRENResolute Energy starts limited marketing process for Gardendale property
Resolute Energy announced that it has commenced a limited marketing process for its Gardendale property in Midland and Ector counties, Texas in the Permian Basin. The company has engaged Petrie Partners and BMO Capital Markets as financial advisors in connection with this transaction. The company will assess market feedback and potential valuation, among other factors, in determining whether or not to pursue a sale of some or all of its interest in the property, Resolute said.
13:40 EDTRENResolute Energy trading halted, news pending
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