Exploration & Production | Quarterly / Earnings Reports
Resolute Talks Powder River, Permian Well Progress; Q2 Bakken Sale
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Resolute Energy Corporation reported second quarter financial and operating results for the quarter ended June 30, 2013.
Highlights include: Production at record levels: up 3,680 Boe per day from 2012 and 1,474 Boe per day sequentially Completed four and drilled six vertical wells in the Gardendale area of the Midland Basin Reached total depth on the Company's first Midland Basin horizontal well on July 31, 2013 Lease operating expense per Boe decreased eleven percent sequentially Sold non-operated Bakken properties for $75 million, closed July 15, 2013Resolute's Chairman and CEO, Nick Sutton, commented: "The solid financial and operating results for the second quarter 2013 reflect the higher production and cash flow associated with the acquisitions that we consummated in late 2012…
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