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Resolute Touts Value of Permian, Powder River Projects
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Resolute Energy Corporation reported financial and operating results for the period ended December 31, 2013, and provided guidance for 2014.
Highlights: Increased revenue 35 percent and increased Adjusted EBITDA 48 percent year-over-year Increased production 31 percent year-over-year and 10 percent sequentially First Delaware Basin horizontal well in Reeves County, Texas, had 24-hour peak production rate of 1,403 Boe per day First Turner/Frontier horizontal well in Hilight Field, Powder River Basin, reported an average 90 day production rate of 723 Boe per day, 44 Boe per day higher than its 30 day average production rateNicholas Sutton, Chief Executive Officer, said: "We have confirmed the value of our asset positions in the Permian Basin and the Powder River Basin by delivering…
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