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Resolute Energy Corporation (REN)

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  • Dec. 3, 2012, 4:56 PM
    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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Company Description
Resolute Energy Corp is an independent oil and gas Company engaged in the exploration, exploitation and development of its oil and gas properties located in Utah, Wyoming, North Dakota and Texas.