Resolute Energy Corporation Announces Operating and Financial Results for the Quarter Ended June 30, 2018
RESOLUTE ENERGY (REN)
Last resolute energy earnings: 11/5 04:15 pm
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US:NYSE Investor Relations:
resoluteenergy.com/investors-overview
Company Research
Source: GlobeNewswire
DENVER, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) today reported operating and financial results for the quarter and six months ended June 30, 2018. Highlights: Second quarter 2018 Permian Basin production increased 31 percent year-over-year to 24,036 barrels of oil equivalent (“Boe”) per day from 18,383 Boe per day in second quarter 2017.Based on strong early production from the Company’s pad development program, second quarter 2018 exit rate production jumped to more than 35,000 Boe per day, up more than 75 percent from first quarter exit rate.In Appaloosa, the Company’s first nine-pack, located in the Ranger unit, came online in early June leading to strong production growth later in the second quarter and into the third quarter.In Mustang, the Company’s second nine-pack, located in the Sandlot unit, came online in mid-July and is currently producing more than 13,000 Boe per day and still inclining.In Appaloosa, by e
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