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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.
News For REN From The Last 14 Days
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October 20, 2014
17:02 EDTRENResolute Energy continues negotiations for financing transaction
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16:58 EDTRENResolute Energy reaffirms total production to fall within 2014 guidance
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16:56 EDTRENResolute Energy Q3 production approximately 12,650 Boe per day
Resolute Energy updates certain operating data, provides horizontal well results and provides information for its scheduled conference call to discuss results for the quarter ended September 30. The company noted, "Our drilling during the third quarter and into the fourth quarter has been focused in Reeves County, Texas-Delaware Basin, and Campbell County, Wyoming-Powder River Basin. We have completed four horizontal wells in Reeves County since May, including two in our Appaloosa area and two in our Mustang area. In the Powder River Basin, our two most recent Turner horizontal wells have been producing since September 3 and 25, respectively. The new wells have contributed significantly to production, and total company production is on track to be within our annual production guidance as announced on March 10. Third quarter production was approximately 12,650 barrels of oil equivalent, Boe, per day with exit rate production for the third quarter of approximately 14,000 Boe per day."

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