Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Drilling Program
Resolute to Focus on Permian in 2016; IDs Budget, Well Plans
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Resolute Energy Corporation announced its 2016 capital budget and issued guidance as to anticipated production and costs for 2016.
2016 Drilling & Completions Permian Basin Rigs Plan to Operate : Not disclosed Wells Plan to Drill/Complete : 9 Gross (Wolfcamp) Capital Expenditure : $115-135 MillionNicholas J. Sutton, Resolute's Chairman and Chief Executive Officer, commented: "For 2016, our Board of Directors approved a capital budget primarily focused on continuing horizontal development of our Delaware Basin Wolfcamp resource base in Reeves County, Texas. Capital spending in Aneth Field will be limited to acquisition of CO2 and basic field maintenance. This budget reflects our view that 2016 is a window of opportunity for Resolute to make investments in our Permian Basin assets that…
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