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Resolute Energy Corp (REN) RSS Feed

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Resolute Energy Corp.

Executive and Technical Offices
1700 Lincoln Street,  Ste. 2800
Denver, CO 80203
303-534-4600

Executive Offices
80 E. Sir Francis Drake Blvd., Suite 2-C
Larkspur, CA 94939
415-461-5025

NEW YORK STOCK EXCHANGE


Website
http://resoluteenergy.com/

Linkedin
https://www.linkedin.com/company/resolute-energy-corporation



Resolute Energy Corporation Announces Closing of Sale of Gardendale Assets in the Midland Basin
DENVER, CO--(Marketwired - Dec 22, 2015) - Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) announced today that it has closed the sale of its Gardendale assets in the Midland Basin of West Texas to a private party for a purchase price of $177.5 million. The transaction has an effective date of September 1, 2015.

The net proceeds of the sale will be used to repay $95 million under the Company's revolving credit facility, representing all amounts currently outstanding under that facility, although the facility will remain in place. In connection with the sale, the borrowing base under the Company's revolving credit facility has been reduced by $20 million to $145 million. The remainder of the net proceeds of the sale will be used in a combination of cash held on the Company's balance sheet and repayment of a portion of the amounts outstanding under the Company's second lien term loan.

Petrie Partners, LLC and BMO Capital Markets acted as financial advisors to Resolute on the Gardendale asset sale transaction. 




OVERVIEW

Resolute was founded as a private company in 2004 to acquire and operate large-scale oil and gas properties, with particular focus on oil. Resolute’s broad range of expertise allows it to manage a complex enterprise and to undertake complex transactions. Management’s exceptional track record of financial and operational success, combined with its deep ties to virtually all elements of the oil and gas community, allow Resolute to succeed in this current environment.
Resolute has undertaken significant acquisitions of producing properties and undeveloped acreage that support drilling opportunities. The first two acquisitions, in 2004 and 2006, were its Aneth Field properties, located in the Paradox Basin of southeastern Utah. Resolute's Aneth Field properties consist of working interests in three federal producing units: Aneth, McElmo Creek and Ratherford. With Resolute's acquisition of all three units, the field is under common ownership and management for the first time. Most of Aneth Field lies on Navajo Nation land. The company’s third transaction was its acquisition of the majority of the working interest and operatorship of Hilight Field in the Powder River Basin of northeastern Wyoming. In 2010 and 2011, Resolute moved into the Bakken trend and Permian Basin respectively.
In the Permian Basin, Resolute acquired producing properties and undeveloped acreage in three private transactions. As of September 30, 2015, Resolute had drilled 61 gross (51.5 net) operated wells and was producing approximately 4,644 barrels of oil equivalent per day in the Permian Basin. In addition, Resolute owns 31,700 net acres in the Big Horn Basin, in which its primary focus is the Mowry oil shale.

Photo Gallery   http://resoluteenergy.com/gallery-aneth.html
 


Resolute's Senior Managers and Directors are listed below.

Nicholas J. Sutton
Chairman, Chief Executive Officer

James M. Piccone
President and Director

Richard F. Betz
Executive Vice President and Chief Operating Officer

Theodore Gazulis
Executive Vice President and Chief Financial Officer

Michael N. Stefanoudakis
Senior Vice President, General Counsel and Secretary

Bob D. Brady, Jr.
Senior Vice President, Operations

James A. Tuell
Senior Vice President and Chief Accounting Officer

James E. Duffy
Lead Independent Director; Co-founder and Chairman of ReadyMax, Inc.

Thomas O. Hicks, Jr.
Director; Vice President of Hicks Holdings LLC

Gary L. Hultquist
Director; Managing Director of Viant Capital, LLC

William K. White
Director; Founder of Amado Energy, LP

 

ANNUAL REPORTS:
2014   http://www.resoluteenergy.com/downloads/2014%20Resolute%20bookmarked%20annual.pdf
2013   http://www.resoluteenergy.com/downloads/2013%20Annual%20Report.pdf
2012   http://www.resoluteenergy.com/downloads/2012%20Annual%20Report.pdf
2011   http://www.resoluteenergy.com/downloads/2011%20Annual%20Report.pdf
2010   http://www.resoluteenergy.com/downloads/2010%20Annual%20Report.pdf

 

Transfer Agent:
Continental Stock Transfer & Trust Company
17 Battery Place, 8th Floor, New York, NY 10004
212-509-4000


SEC FILINGS:

FormType FormGroup Size Date Download
4 Insider Trading 6.7 KB 12/14/2015 PDF iconXBRL icon
4 Insider Trading 6.1 KB 12/14/2015 PDF iconXBRL icon
8-K 8K Related 55.9 KB 12/14/2015 PDF iconXBRL icon
4 Insider Trading 6.7 KB 12/09/2015 PDF iconXBRL icon
4 Insider Trading 6.5 KB 12/07/2015 PDF iconXBRL icon
4 Insider Trading 3.6 KB 12/07/2015 PDF iconXBRL icon
4 Insider Trading 3.6 KB 12/07/2015 PDF iconXBRL icon
4 Insider Trading 8.3 KB 12/04/2015 PDF iconXBRL icon
8-K 8K Related 44.5 KB 12/04/2015 PDF iconXBRL icon
4 Insider Trading 6.1 KB 12/02/2015 PDF iconXBRL icon
4 Insider Trading 6.6 KB 12/01/2015 PDF iconXBRL icon
4 Insider Trading 6.7 KB 12/01/2015 PDF iconXBRL icon
8-K 8K Related 61.3 KB 11/23/2015 PDF iconXBRL icon
SC 13D/A Insider Trading 184.5 KB 11/12/2015 PDF iconXBRL icon
8-K 8K Related 532.1 KB 11/09/2015 PDF iconXBRL icon
10-Q Quarterly Reports 5.04 MB 11/09/2015 PDF iconXBRL icon
4 Insider Trading 11.8 KB 10/30/2015 PDF iconXBRL icon
 

PRESS RELEASES AND EVENTS

 

Dec 4, 2015 Resolute Energy Corporation Receives Continued Listing Standard Notice From NYSE 133 KB
Nov 23, 2015 Resolute Energy Corporation Announces Agreement For Sale Of Gardendale Assets In The Midland Basin 28 KB
Nov 9, 2015 Resolute Energy Corporation Announces Results For The Quarter Ended September 30, 2015 505 KB
Oct 27, 2015 Resolute Energy Corporation To Announce Results For The Third Quarter Ended September 30, 2015, On Monday, November 9, 2015, And Hold Investor Conference Call On Tuesday, November 10 at 4:30pm EST 12 KB
Oct 8, 2015 Resolute Energy Corporation Announces Closing Of Powder River Basin Sale And Redetermination Of Its Borrowing Base 24 KB
Sep 29, 2015 Resolute Energy Corporation Announces Limited Marketing Process For Gardendale Property In Permian Basin 32 KB
Sep 16, 2015 Resolute Energy Corporation Announces Agreement For Sale Of Hilight Field Assets In Powder River Basin 215 KB
Aug 10, 2015 Resolute Energy Corporation Announces Results For The Quarter Ended June 30, 2015 504 KB
Jul 28, 2015 Resolute Energy Corporation to Announce Results for the Second Quarter Ended June 30, 2015, on Monday, August 10, 2015, and Hold Investor Conference Call on Tuesday, August 11 at 4:30 pm EDT; Receives Continued Listing Standard Notice from NYSE; and Announces Participation in Upcoming Investor Conference 93 KB
Jun 8, 2015 Resolute Energy Corporation Announces Engagement Of Petrie Partners To Market Powder River Basin Properties; Announces That It Has Regained Compliance With NYSE Listing Standards 24 KB
May 11, 2015 Resolute Energy Corporation Announces Results For The First Quarter Ended March 31, 2015 411 KB
May 8, 2015 Resolute Energy Corporation to Announce Results for the First Quarter Ended March 31, 2015 and Hold Investor Conference Call on Tuesday, May 12 at 4:30 pm EDT 79 KB
Mar 30, 2015 Resolute Energy Corporation Announces Agreement for Sale of Non-Core Assets and Changes to Board of Directors 216 KB
Mar 5, 2015 Resolute Energy Corporation Announces Results for the Quarter and Full Year Ended December 31, 2014 347 KB

 

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