Cimarex Closes Acquisition of Resolute Energy
March 1, 2019
Cimarex announces closing of the acquisition of Resolute Energy
Resolute Stockholders Approve Merger with Cimarex
February 22, 2019
Target for transaction closing date is Mar. 1, 2019 Resolute Energy Corporation (NYSE: REN) stockholders have voted to approve the adoption of the merger agreement between Resolute and Cimarex Energy Co., Resolute said in a statement. Resolute reported that 15,950,431 shares voted in favor of the proposal to adopt the merger agreement. This represents approximately 85% of the total shares
Texas Feeding Frenzy Continues in $1.6 Billion Deal
November 19, 2018
Deal expands Cimarex’s Reeves County position The oil and gas M&A frenzy continues, as Cimarex Energy (stock ticker: XEC) announced its acquisition of Resolute Energy (stock ticker: REN) today. Resolute Energy is a pure-play Delaware player, with 21,100 net acres in Reeves County. The company is currently producing 34.8 MBOEPD, 45% of which is oil. Much of this acreage is
Resolute Energy Corporation (REN) Q3: a Delaware Basin Pure Play–Officially
November 7, 2017
Resolute Energy (ticker: REN) announced Q3 today. Resolute Energy Q3 financial highlights Closed the sale of Aneth Field assets to Elk Petroleum for up to $195 million Net loss available to common shareholders was $14.6 million or ($0.71) per diluted share Adjusted EBITDA (non-GAAP) was $42.9 million With the closing of the Aneth Field transaction, Resolute’s board has approved an
EnerCom’s 2017 Conference Day Two Breakout Notes: Resolute Energy
August 15, 2017
Resolute Energy Breakout Notes Richard Betz, director and CEO Resolute Energy Corp., (ticker: REN) presented today at EnerCom’s The Oil & Gas Conference® 22. Resolute Energy is a Denver-based E&P with primary operations in the Delaware basin in Reeves County Texas. The company also has its foundational oil asset—known as Aneth field—in the Paradox Basin in eastern Utah. The Aneth
5 EnerCom Presenters Report Q2
August 8, 2017
Oil & Gas Conference® presenters Lonestar, Resolute, Carrizo, Black Stone, Denbury report a busy quarter Lonestar Resources During its second quarter, Lonestar Resources (ticker: LONE) indicated that its production had risen by 7% above Q1 volumes. The company averaged Q2 production of 5,635 BOEPD—over its 5,266 BOEPD in Q1. In mid-June, Lonestar closed on an approximately $110.6 million acquisition of
Resolute Energy: New Credit Facility, 2016 Reserves and Production
February 23, 2017
Resolute Energy Corporation (ticker: REN) reported year-end 2016 reserves and production: — Fourth quarter exit rate in excess of 20,800 Boe per day — — Reserves increase 82% to 60.3 million Boe — — Closed new bank facility; $150 million initial borrowing base — — Earnings conference call scheduled for March 14, 2017 — Rick Betz, Resolute’s Chief Executive Officer, said: “During
Resolute Energy Prices 3.8 Million Share Offering
December 20, 2016
Resolute Energy Corporation (ticker: REN) today announced that it has priced its underwritten public offering of 3,800,000 shares of its common stock at a price of $38.00 per share, for total gross proceeds of approximately $144.4 million. The company intends to use the net proceeds from the offering to repay the company’s second lien secured term loan, with any additional
Resolute Energy Targeting 85% Production Growth in 2017, Announces Public Offering
December 19, 2016
Resolute Energy announces mid-point 2017 production expectations of 9.5 MMBOE Resolute Energy Corp. (ticker: REN) announced its 2017 capital expenditure budget today along with production guidance for next year. Resolute plans to spend $210-$240 million in order to run a two-rig drilling program in the Delaware Basin targeting 22 gross (20.8 net) wells, all of which will be mid- or
Resolute Energy Seeks Big Production Jump with 2 Rig Program in the Delaware
November 10, 2016
Resolute Energy plans to drill 22 gross wells in the Permian in 2017 Denver-based Resolute Energy Corp. (ticker: REN) released its third quarter results this week, reporting a loss of $18.9 million for the quarter, and highlighting the company’s plans for 2017. The company is focusing on drilling in the Permian Basin next year, with a two-rig program designed to
Resolute Adds to Permian Position with $135 Million Delaware Basin Acquisition
October 5, 2016
Resolute’s new Delaware Basin acreage producing 1,200 BOEPD Resolute Energy (ticker: REN) announced that it has entered into a definitive agreement with Firewheel Energy LLC, a portfolio company of EnCap Investments, to acquire 3,293 acres of oil and gas properties located in Reeves County, Texas. The purchase price for the acquisition is $135 million, consisting of $90 million in cash
Resolute Energy Up Over 24% After Release of New Presentation
September 2, 2016
Resolute Energy’s September investor presentation covers production from Delaware Basin assets Shares of Resolute Energy (ticker: REN) were up more than 24% today following the release of the company’s September investor presentation. The presentation covered the company’s Permian assets, showing 30-, 60-, and 90-day performance on a number of its wells. The company’s full investor presentation can be viewed here.
