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Resolute Eyes +26% Production Growth for 2018; Talks Budget
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Resolute reported its 2018 outlook as well as its year-end 2017 results.
2018 Plans- 2018 Capex: $365-395 million (up +37% from $277 million spent in 2017)
- 2018 Production: 30-33 MBOEPD (up +26% from the 25,000 midpoint for 2017)
Capex Breakdown Q4 2017 Highlights / Well ResultsFourth quarter 2017 Company production increased 41 percent year-over-year to 27,595 barrels of oil equivalent ("Boe") per day and full year production grew by 77 percent to 25,086 Boe per day. Fourth quarter 2017 production included a contribution of approximately 2,100 Boe per day from the Company's recently divested Aneth Field properties. Fourth quarter production exceeded the high end of the Company's updated guidance, as announced on November 6, 2017, by 595 Boe per day and full year production was…
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