Operational Updates | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Resolute 4Q 2016 Operational Update
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Resolute Energy Corporation announced its 2016 capital budget and issued guidance as to anticipated production and costs for 2016. Resolute also provided detail on its year-end 2015 reserves and production.
Nicholas J. Sutton, Resolute's Chairman and Chief Executive Officer, commented: "During 2015, Resolute produced an average of 12,427 Boe per day, exceeding the midpoint of the previously announced guidance despite completing three significant asset sales that generated proceeds of approximately $275 million. Substantially all of the net proceeds were used to retire debt. Our production in the Permian Basin for 2015 was 4,883 Boe per day, up 5 percent from 2014 despite the impact of asset sales. In Aneth Field, production for 2015 was 6,279 Boe per day, essentially flat to 2014. In…
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