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Resolute Energy Talks 2015 Strategy
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Resolute Energy Corporation announced its 2015 capital budget and issued guidance as to anticipated production and costs for 2015. Resolute also provided detail on its year-end 2014 reserves and production.
2015 Capital Budget and GuidanceResolute has established a 2015 Operating and Financial Plan that limits our capital expenditures while generating improvements in operating and financial metrics and meeting operational constraints and considerations. The plan allocates capital to complete the three Reeves County, Texas, horizontal wells and to perform maintenance level activities for Aneth, Hilight and Denton fields.
If met, the mid-point of the plan will generate cash sufficient to reduce debt during the year while holding our production essentially flat for 2015 as compared to…
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