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Resolute IPs Two 3,000+ BOEPD Wolfcamp Wells in Q1

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Resolute IPs Two 3,000+ BOEPD Wolfcamp Wells in Q1

Resolute Energy reported its Q1 2018 results.

Highlights:

- Q1 2018 production of 23,498 Boe per day (up +19% YOY and down -8% from 4Q17)

First quarter Permian Basin production increased 70 percent year-over-year to 23,498 Boe per day from 13,798 Boe per day in first quarter 2017 First quarter 2018 Company production increased 19 percent year-over-year to 23,498 barrels of oil equivalent ("Boe") per day, despite the loss of approximately 5,900 Boe per day from the sale of the Company's Aneth Field properties in late 2017 First quarter production exceeded the high end of the Company's quarterly guidance

- First quarter net loss was $12.9 million; Adjusted net income was $3.3 million.

Ops Highlights

Key well results:

Drilling Activity

Completion Activity

Production Activity

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