Exploration & Production
Resolute Energy Reports Bakken, Permian Drilling Update
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Resolute Energy Corporation today reported first quarter financial and operational results for the period ended March 31, 2012.
Highlights for the quarter ended March 31, 2012, include the following:
Production increased to 8,379 barrels of oil equivalent ("Boe") per day, a Company record. Growth is in line with the Company's plan, confirming the Company's previously announced mid-point projection of 15% production growth.Operated a continuous five-rig drilling program during the first quarter in our Bakken and Permian development programs and undertook successful infill drilling in Aneth Field.Constructed a gathering system in the Permian Basin and connected to a sales pipeline on May 1, 2012, allowing the Company to sell gas and natural gas liquids ("NGL").Subsequent to the end of the…
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