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Resolute Energy Corp (REN.N)

REN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Resolute Energy says Q4 production of 19,583 BOE per day, up 91 pct
Monday, 13 Mar 2017 05:01pm EDT 

Resolute Energy Corp : Resolute energy corporation announces results for the quarter and full year ended december 31, 2016 . Q4 loss per share $1.23 . Q4 revenue $62.7 million versus i/b/e/s view $71.1 million . Q4 earnings per share view $0.80 -- Thomson Reuters I/B/E/S . Resolute energy corp - 4q16 production of 19,583 boe per day, up 91 percent . Resolute energy corp - "while we are not ready to announce plans and provide guidance for 2018" . Resolute energy corp says exploring divestiture of aneth field . Resolute energy corp - 2016 exit rate production of 20,800 boe per day .Resolute energy-currently expect to keep existing 2 rigs,continue with third rig on newly acquired acreage,potentially add fourth rig to legacy position.  Full Article

Resolute Energy to acquire 4,600 net acres in Reeves County
Friday, 3 Mar 2017 08:45am EST 

Resolute Energy Corp : Resolute Energy Corporation announces $160 million Delaware Basin acquisition . Resolute Energy Corp - acquiring 4,600 net acres in Reeves County . Resolute Energy Corp - increases reeves county holdings by 28% to approximately 21,000 net acres . Resolute Energy- in interim, however, Resolute has entered into a commitment letter for a $100 million bridge financing facility with BMO Capital Markets . Resolute Energy - evaluating optimal financing for transaction, anticipates that ultimate financing may have components of long-term debt and equity . Resolute Energy Corp says expect that transaction will add materially to production beginning in second half of 2017 . Resolute Energy - in interim, Resolute has entered into a commitment letter for a $100 million bridge financing facility with BMO capital markets . Resolute Energy Corp - transaction will have an effective date of May 1, 2017 .Resolute Energy- borrowing availability under credit facility, bridge facility would allow closing of deal without immediate long-term debt or equity issuance.  Full Article

Resolute Energy says Q4 exit rate in excess of 20,800 boe per day
Wednesday, 22 Feb 2017 05:35pm EST 

Resolute Energy Corp : 2016 year-end reserves increase 82% to 60.3 million boe . Resolute energy corporation enters into new credit facility; reports 2016 reserves and production .Q4 exit rate in excess of 20,800 boe per day.  Full Article

Resolute Energy enters into third amended and restated credit agreement
Tuesday, 21 Feb 2017 06:36am EST 

Resolute Energy Corp - : On February 17, 2017, co entered into third amended and restated credit agreement- SEC filing . In connection with entering into revolving credit facility, co repaid all amounts outstanding under agreement dated as of April 15, 2015 . Credit facility specifies amount available for borrowing under facility could be increased/ decreased as result of redeterminations .Revolving credit facility matures in February 2021.  Full Article

Resolute Energy to sell New Mexico oil and gas properties in Lea County for $15 mln
Friday, 20 Jan 2017 04:19pm EST 

Resolute Energy Corp : Resolute Energy Corp - on Jan 17 unit entered into a purchase and sale agreement to sell New Mexico oil and gas properties in Lea County for $15 million . Resolute Energy Corp - under terms of PSA, buyer has deposited an amount equal to 10% of purchase price, or $1.5 million, with Resolute Southwest . Resolute Energy Corp - New Mexico sale will be effective as of October 1, 2016 .Proceeds of sale will be used to reduce amounts outstanding under company's revolving credit facility- SEC filing.  Full Article

Resolute Energy prices public offering at $38/share
Monday, 19 Dec 2016 11:41pm EST 

Resolute Energy Corp : Says has priced its underwritten public offering of 3,800,000 shares of its common at a price of $38.00 per share .Resolute Energy Corporation announces pricing of public offering of common stock.  Full Article

Resolute Energy's unit Kinder Morgan CO2company entered into an amendment to product sale and purchase contract dated July 1, 2007
Thursday, 1 Dec 2016 05:46pm EST 

Kinder Morgan Inc : Resolute Energy - On Nov 29, unit, Kinder Morgan CO2company, L.P. entered into an amendment to product sale and purchase contract dated July 1, 2007 .Resolute Energy Corp says amendment effective Oct 1, modified annual and aggregate volume commitments for CO2purchases under contract- SEC filing.  Full Article

Resolute Energy files for sale of up to 2.11 mln common shares
Monday, 14 Nov 2016 11:32am EST 

Resolute Energy Corp :Files for sale of up to 2.11 million shares of co's common stock by selling stockholder - sec filing.  Full Article

Firewheel Energy Llc reports 12.06 pct passive stake in Resolute Energy Corp
Thursday, 27 Oct 2016 06:33am EDT 

Resolute Energy Corp :Firewheel Energy Llc reports 12.06 percent passive stake in Resolute Energy Corp, as of October 7, 2016 - SEC filing.  Full Article

Resolute Energy announces $135 mln Delaware basin acquisition
Tuesday, 4 Oct 2016 09:57pm EDT 

Resolute Energy Corp : Following closing of acquisition, resolute will receive 100% of all payments from caprock under earn-out agreement. . Deal consists of $90 million payable in cash and issuance to firewheel of 2.1 million shares of co's common stock, equal to $45 million . For Q3 of 2016 estimate that delaware basin properties produced on average between 9,250 and 9,650 boe per day . Expect to recognize $15 million to $16 million of expense in Q3 of 2016 for stock awards . Entered into a definitive agreement with firewheel energy, LLC . Resolute energy corporation announces $135 million delaware basin acquisition . Expect to finance cash portion of acquisition price with net proceeds of a private offering of a newly created class of preferred stock . Estimate total company production for Q3 of 2016 to be between 16,000 and 16,500 boe per day .Expect production for full year 2016 to be between 13,600 and 14,000 boe per day, before accounting for acquisition.  Full Article

More From Around the Web

BRIEF-Resolute Energy says Q4 production of 19,583 BOE per day, up 91 pct

* Resolute energy corporation announces results for the quarter and full year ended december 31, 2016