Resolute Energy Corporation Provides Preliminary Third Quarter Production Results and Operations Update
RESOLUTE ENERGY (REN)
Last resolute energy earnings: 11/5 04:15 pm
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US:NYSE Investor Relations:
resoluteenergy.com/investors-overview
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Source: GlobeNewswire
- 3Q 2018 production of 34,750 Boe per day, up 45% from 2Q - - 3Q 2018 oil production of 15,740 Bbl per day, up 47% from 2Q - - 3Q 2018 Adjusted EBITDA expected to nearly double from 2Q - DENVER, Oct. 11, 2018 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) today provided preliminary third quarter 2018 production results and an operations update. Aggregate third quarter 2018 production averaged approximately 34,750 barrel of oil equivalent (“Boe”) per day, an increase of 45 percent from the second quarter. Third quarter 2018 oil production averaged approximately 15,740 barrels of oil per day, an increase of approximately 47 percent over second quarter 2018. Year over year, third quarter Boe production increased 54 percent and oil production increased approximately 40 percent, both pro forma for the divestiture of the Aneth Field assets. Growth in production is being driven by the Company’s successful ongoing development program. During
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