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


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.

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