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Resolute's Latest Wolfcamp Wells Add 14.5 MMBOE to Reserves
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Resolute Energy Corporation reported financial and operating results for the quarter and six months ended June 30, 2016.
Key Points:Wolfcamp Well Results:
Resolute's first five Wolfcamp A wells, we estimate that these five wells will have added approximately 14.5 MMBoe of reserves net to ResoluteHighlights:Production guidance revised upward by thirteen percentPermian Basin production now represents more than half of Company totalExpanded 2016 drilling program to include five more horizontal wellsRecord low quarterly LOEOperations UpdatePermian Basin
Production in the Permian Basin for the second quarter was 5,614 Boe per day (58 percent oil), a 90 percent increase over first quarter 2016 and a 53 percent increase over second quarter 2015, pro forma for the divestitures of our Howard and Marti…
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