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Last $1.36 USD
Change Today +0.04 / 3.03%
Volume 2.0M
REN On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

resolute energy corp (REN) Snapshot

Open
$1.33
Previous Close
$1.32
Day High
$1.45
Day Low
$1.20
52 Week High
06/16/14 - $8.98
52 Week Low
03/27/15 - $0.55
Market Cap
105.6M
Average Volume 10 Days
1.7M
EPS TTM
$-0.31
Shares Outstanding
77.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RESOLUTE ENERGY CORP (REN)

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resolute energy corp (REN) Details

Resolute Energy Corporation, an independent oil and gas company, acquires, explores for, develops, and produces oil, gas, and hydrocarbon liquids. It holds interest in the Aneth Field covering approximately 43,000 gross acres located in the Paradox Basin in southeast Utah; and 36,500 gross acres in the Permian Basin of Texas and southeast New Mexico. The company also owns leases covering approximately 47,400 net acres in the Powder River Basin; and approximately 34,700 net acres in the Big Horn Basin in Wyoming. As of December 31, 2014, the company had estimated net proved reserves of approximately 74.2 million barrels of oil equivalent. Resolute Energy Corporation is based in Denver, Colorado.

resolute energy corp (REN) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $590.0K
President and Director
Total Annual Compensation: $415.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $350.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $350.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

resolute energy corp (REN) Key Developments

Resolute Energy Corporation Announces Twelfth Amendment to Second Amended and Restated Credit Agreement

On April 15, 2015, Resolute Energy Corporation and certain of its subsidiaries, as guarantors, entered into an Twelfth Amendment to Second Amended and Restated Credit Agreement amending that certain Second Amended and Restated Credit Agreement, dated as of March 30, 2010, as amended by the First Amendment to Second Amended and Restated Credit Agreement dated April 18, 2011, the Second Amendment to Second Amended and Restated Credit Agreement dated April 25, 2011, the Third Amendment to Second Amended and Restated Credit Agreement dated April 13, 2012, the Fourth Amendment to Second Amended and Restated Credit Agreement dated December 7, 2012, the Fifth Amendment to Second Amended and Restated Credit Agreement dated December 27, 2012, the Sixth Amendment to Second Amended and Restated Credit Agreement dated March 22, 2013, the Seventh Amendment to Second Amended and Restated Credit Agreement dated April 15, 2013, the Eighth Amendment to Second Amended and Restated Credit Agreement dated December 13, 2013, the Ninth Amendment to Second Amended and Restated Credit Agreement dated March 7, 2014, the Tenth Amendment to Second Amended and Restated Credit Agreement dated March 14, 2014 and the Eleventh Amendment to Second Amended and Restated Credit Agreement dated December 30, 2014, with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto. The Twelfth Amendment provides for the following: Redetermines the Company's Borrowing Base at $275 million effective April 15, 2015 (which constitutes the redetermination scheduled to occur on April 1, 2015 under the Credit Agreement); Provides for the sale by the Company of the oil and gas properties in Howard and Martin Counties, Texas (which are covered by the Purchase and Sale Agreement executed on March 27, 2015), subject to a $5 million automatic reduction in the Borrowing Base upon the closing of such sale; and Extends the deadline for incurring up to $50 million of additional loans (Second Lien Incremental Loans) under the Secured Term Loan Agreement (the Second Lien Credit Agreement) dated December 30, 2014 between the Company, certain subsidiaries of the Company as Guarantors, Bank of Montreal, as Administrative Agent and the lenders parties thereto (the Second Lien Lenders) to May 31, 2015, amends the claw back provision related thereto such that the Borrowing Base will be reduced automatically upon such incurrence by an amount equal to 20% of the principal amount of such Second Lien Incremental Loans (rather than the 90% claw back provision currently in effect) and modifies the maximum first lien leverage ratio covenant so that the ratio level will not step down to 2.0 to 1.0 until the aggregate outstanding principal balance of the Second Lien debt exceeds $200 million (rather than when it equals or exceeds $200 million); provided that such amendments in this subsection (iii) will be contingent upon the Second Lien Lenders waiving any required prepayment of Second Lien debt in connection with the sale of the oil and gas properties described in paragraph (ii) above.

Resolute Energy Corporation Announces Board Resignations

Resolute Energy Corporation announced that William H. Cunningham and Robert M. Swartz resigned from their positions on the Board of Directors effective March 25, 2015. Both Dr. Cunningham and Mr. Swartz had served on the Board of the company since 2009.

Resolute Energy Corporation Announces Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Impairment of Proved Oil and Gas Properties for the Fourth Quarter of 2014; Provides Capex Guidance for the Year 2015

Resolute Energy Corporation announced consolidated earnings and operating results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $65,933,000 against $92,681,000 a year ago. Revenue, net of derivative losses was $78,007,000 against $92,494,000 a year ago. Net loss was $17,148,000 or $0.23 per share against $117,106,000 or $1.60 per share a year ago. Adjusted EBITDA was $38,820,000 against $50,588,000 a year ago. During 2014 resolute incurred oil and gas related capital expenditures of approximately $30.2 million. For the year, the company reported revenue of $329,371,000 against $349,779,000 a year ago. Revenue, net of derivative losses was $324,384,000 against $313,966,000 a year ago. Net loss was $21,850,000 or $0.30 per diluted share against $113,806,000 or $1.67 per diluted share a year ago. Adjusted EBITDA was $150,855,000 against $149,609,000 a year ago. Loss from operations was $112,674,000 against $133,868,000 a year ago. Loss before income taxes was $25,990,000 against $178,485,000 a year ago. During 2014 resolute incurred oil and gas related capital expenditures of approximately $159,800,000. Reviewing capital program, the company invested approximately $159.8 million, net of $11.2 million of divestiture proceeds. Production for the quarter ended December 31, 2014, increased 5% to 1,227 MBoe as compared to 1,169 MBoe during the fourth quarter of 2013, and increased 5% from the third quarter of 2014. Production for 2014 was 4,645 MBoe as compared to 4,467 MBoe for 2013, an increase of 4% or 178 MBoe. For the year, the company reported total production of 4,645 MBoe compared to 4,467 MBoe a year ago. The company also announced that 2015 capital budget of $45 million to $50 million is well within operating cash flow forecast. The company recorded impairment of proved oil and gas properties of $120,000,000 for the fourth quarter of 2014.

 

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