Current COO Richard Betz named successor CEO effective January 1, 2017 Resolute Energy (ticker: REN) announced Wednesday that Nicholas Sutton will retire as CEO effective December 31, 2016. Resolute’s board of directors also approved a transition plan under which the company’s COO, Richard Betz, will succeed Sutton as the company’s Chief Executive Officer. Sutton will continue to work with Resolute
Resolute Energy sold off midstream assets for a $50 million payment and up to $60 million in earn-out payments Resolute Energy Corporation (ticker: REN) announced an agreement to sell certain Permian Basin midstream assets for roughly $110 million. The purchaser — an undisclosed Permian Basin midstream company – entered into a series of agreements with Resolute and an existing minority
Resolute is focused on maintaining a strong team Resolute Energy (ticker: REN) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Resolute Energy is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Resolute’s producing assets are Aneth Field in the Paradox Basin of Utah and in the Permian Basin
What to Expect from EnerCom’s 14th The Oil & Services Conference™ EnerCom will host the 14th edition of The Oil & Services Conference™ 14 (TOSC 14) on March 9, 2016, at the Le Méridien San Francisco Hotel. The EnerCom San Francisco conference is a chance for institutional investors, energy research analysts, and oil and gas investors to listen to companies
2015 Asset Sales to Date Reach $275 Million Resolute Energy (ticker: REN) has agreed to sell its Gardendale assets for $177.5 million, concluding a “limited marketing process” that began in late September. The buyer was not named. The company has now sold nearly $275 million in assets since March 2015, including the divestures of its Midland Basin and Powder River
Resolute Energy Corporation (ticker: REN), an exploration and production company based in Denver, Colorado, took a step to enhance its liquidity by selling its Hilight Field asset for $55 million. The divesture, announced on September 16, 2015, is intended to reduce debt and will close before October 6. REN management began marketing the properties in June, and the company will
Nicholas J. Sutton, Chief Executive Officer of Resolute Energy Corporation (NYSE: REN), presented today at EnerCom’s The Oil & Gas Conference® 20. Resolute was founded as a private company in 2004 to acquire and operate large-scale oil and gas properties, with a particular focus on oil. Resolute’s producing assets are Aneth Field in the Paradox Basin of Utah, Hilight Field
Staying focused on what is within the company’s control Low oil prices are out the control of individual E&P companies, and every single producer has felt the pain from the 40% commodity price haircut stemming from OPEC’s decision last November to maintain production levels. Resolute Energy (ticker: REN) is focusing on the costs they can control in its oil-weighted asset
Resolute Energy Corp. (ticker: REN) is an exploration and production company with producing assets in the Permian Basin (Texas), the Hilight Field of the Powder River Basin (Wyoming) and the Aneth Field of the Paradox Basin (Utah). REN is developing its assets through horizontal drilling, resulting in a 10% production increase for the trailing twelve months ended September 30, 2014
Nick Sutton, President and Chief Executive Officer and Ted Gauzlis, Executive Vice President and Chief Financial Officer of Resolute Energy (REN), presented today at EnerCom’s The Oil & Gas Conference® 17. Resolute Energy operates large-scale oil and gas properties with particular focus on oil. Resolute has undertaken significant acquisitions of producing properties and undeveloped acreage that support drilling opportunities. Their
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