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Resolute Amends CapEx; Eyes Permian, Powder River
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Resolute Energy Corporation has reported its updated production, cost guidance and revised 2013 capital budget.
This release is an update to the guidance issued on February 25, 2013. Items which have been updated are included herein; other guidance published in the release on February 25, 2013, remains current.
Nicholas J. Sutton, Chairman of the Board and Chief Executive Officer, commented: "We are pleased to update our production and cost guidance for the calendar year 2013 to reflect the acquisition of operations and properties in Midland and Ector counties, Texas. Also, in light of recent activities near our Permian Basin properties, we have revised our capital plan to incorporate the drilling of three horizontal wells targeting the Wolfcamp formation. We also plan to drill a…
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