Resolute Energy (REN) this morning agreed to buy Permian Basin assets in Texas and New Mexico...

|About: Resolute Energy Corporation (REN)|By:, SA News Editor

Resolute Energy (REN) this morning agreed to buy Permian Basin assets in Texas and New Mexico from an undisclosed private party for ~$120M. The combined properties produced ~1,418 bbl/day in Q3, about 64% of which was oil; they hold estimated proved reserves of 4.1M boe. REN says it expects to finance the deal with debt.