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Resolute Cuts Wolfcamp Well Costs; IPs Four Wells
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Resolute Energy Corporation reported financial and operating results for the quarter and full year ended December 31, 2014.
Nicholas J. Sutton, Resolute's Chief Executive Officer, said: "We are pleased to report that increases in production from all of our operating areas resulted in Company-record quarterly production of 13,341 equivalent barrels of oil per day, and record annual production of 12,727 Boe per day, during the three and twelve months ended December 31, 2014, respectively. 2014 production was within one percent of the mid-point of our annual guidance as announced on March 10, 2014. During 2014 Aneth Field production increased two percent, Hilight Field production increased thirteen percent and Permian Basin production increased eighteen percent as compared with 2013.
"Concurr…
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