Resolute Energy (REN) Enters 55k Series B Conv. Preferred Private Placement

Resolute Energy (REN) Announces Closure of Delaware Basin Asset Acquisition

Resolute Energy Corporation (NYSE: REN) announced the closing of its previously announced acquisition of certain oil and gas properties located in Reeves County, Texas, for an aggregate purchase price of $135.0 million. The acquisition was financed in part with proceeds received from the previously announced... More

Seaport Global Securities Starts Resolute Energy (REN) at Buy

Seaport Global Securities initiates coverage on Resolute Energy (NYSE: REN) with a Buy rating and a price target of $45.00.

Analyst Mike Kelly commented, "We are initiating coverage of REN with a Buy rating and $45 NAV-based price target. We believe REN is poised to deliver top-tier... More

Rodman & Renshaw Starts Resolute Energy (REN) at Buy

Rodman & Renshaw initiated coverage on Resolute Energy (NYSE: REN) with a Buy rating and a price target of $32. Analyst Noel Parks anticipates growth.

"5 most recent Delaware Basin wells should boost proved reserves 44% compared to EOY 2015 levels, and the company may drill 21 wells... More

Resolute Energy (REN) to Acquire Delaware Basin Assets from Firewheel Energy in $135M Deal; Offers Prelim. Q3 Results

Resolute Energy Corporation (NYSE: REN) reported that it has entered into a definitive agreement (the "Acquisition Agreement") with Firewheel Energy, LLC ("Firewheel"), a portfolio company of EnCap Investments, to acquire certain oil and gas properties located in Reeves County, Texas, for a purchase price of $135 million (the "Firewheel Properties"). The transaction is expected to close on October 7, 2016.

The Firewheel Properties consist of 3,293 net acres in our highly productive Delaware Basin operating area, and include interests in thirteen horizontal and fifteen vertical wells, which produce approximately 1,200 net Boe per day. Approximately 95% of the... More