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Resolute Plans XRL Wolfcamp Ops; Capital Projects Minimal in 3Q
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Resolute Energy Corporation reported financial and operating results for the quarter and nine months ended September 30, 2015.
Key Points: After drilling two wells in the Mustang area, we anticipate that we will move the rig to our Appaloosa project area where our focus would be on drilling two 10,000-foot horizontal Wolfcamp wells. During the third quarter of 2015, we reported our lowest quarterly lease operating expense since we acquired Gardendale operations in the second quarter of 2013. Capital projects for the quarter were minimal, with most of the capital expenditure attributable to purchase of CO2 and completion of improvements to well testing facilities in the Aneth Unit. Work continues on the evaluation and design of future development opportunities, including the Desert Creek…- ✓ Full news archive — U.S., Canada & international coverage
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