Resolute Energy Corporation (NYSE:REN) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
On April 17, 2017, Resolute Energy Corporation (the Company)
issued a press release announcing the completion of its spring
borrowing base redetermination, which set the borrowing base at
$225 million, and addressing the other matters described below.
The press release is furnished herewith as Exhibit 99.1. The
information in this Item 7.01, including Exhibit 99.1 to this
Current Report on Form 8-K, is being furnished and shall not be
deemed to be filed for the purposes of Section 18 of the
Securities and Exchange Act of 1934 (the Exchange Act) or
otherwise subject to the liabilities of such section, nor shall
such information be deemed incorporated by reference in any
filing under the Securities Act of 1933 or the Exchange Act,
except as shall be expressly set forth by specific reference in
such a filing.
Item 8.01. Other Events
On April 17, 2017, the Company announced that it has engaged
Petrie Partners, LLC and Barclays Capital Inc. to act as
financial advisors in connection with the previously announced
disposition process for its Aneth Field properties in southeast
Utah, in the Paradox Basin. The Company also announced the
completion of its spring borrowing base redetermination, which
set the borrowing base at $225 million.
Item 9.01. Financial Statements and Exhibits
|
Exhibit No. |
Description |
|
Exhibit 99.1 |
Press Release dated April 17, 2017. |
About Resolute Energy Corporation (NYSE:REN)
Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties). It has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Aneth Field is an oil field in southeast Utah, which produces approximately 6,290 equivalent barrels of oil per day. It owns working interests in the Aneth Unit, the McElmo Creek Unit and the Ratherford Unit. The Company has interests in approximately 27,750 gross (17,570 net) acres in the Permian Basin of Texas and southeast New Mexico. It covers over two project areas, including the Delaware Basin project area and the Northwest Shelf project area. Resolute Energy Corporation (NYSE:REN) Recent Trading Information
Resolute Energy Corporation (NYSE:REN) closed its last trading session down -0.23 at 41.52 with 312,640 shares trading hands.
