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Resolute Energy

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Energy & Utilitiesexploration & developmentoil & gas

Resolute Energy Corporation is an oil and gas company engaged in the attainment, exploitation, exploration, and development of oil and gas properties in the United States. Its principal project area is located in the Delaware Basin portion of the Permian Basin, Reeves County, Texas, USA. 

Revenue(FY, 2017)
$303.5 M
TypeSubsidiary
Parent CompanyCimarex Energy
HQDenver, US
Founded2004
Websiteresoluteenergy.com
Cybersecurity ratingBMore
Resolute Energy was founded in 2004 and is headquartered in Denver, US

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Key People/Management at Resolute Energy

James Tuell

James Tuell

SVP, Chief Accounting Officer
Nicholas Sutton

Nicholas Sutton

Executive Chairman
Richard Betz

Richard Betz

CEO
Theodore Gazulis

Theodore Gazulis

EVP, CFO
Michael Stefanoudakis

Michael Stefanoudakis

EVP
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Resolute Energy Office Locations

Resolute Energy has offices in Denver and Midland
Denver, US (HQ)
1700 Lincoln St #2800
Midland, US
4000 N Big Spring St #500
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Resolute Energy Financials and Metrics

Summary Metrics

Founding Date

2004
Resolute Energy is a subsidiary of Cimarex Energy

Resolute Energy Revenue

Resolute Energy's revenue was reported to be $303.48 m in FY, 2017
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

258.3m349.8m329.4m154.6m164.5m303.5m

General and administrative expense

24.0m35.6m40.0m31.4m32.6m48.5m

Operating expense total

24.0m35.6m40.0m31.4m32.6m48.5m

EBIT

40.2m(133.9m)(112.7m)(776.7m)(91.5m)44.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

59.9m54.0m63.5m63.4m78.9m89.1m89.1m90.9m88.5m84.1m41.1m48.4m36.6m19.0m35.4m47.4m65.2m71.0m81.6m74.7m73.4m106.7m

General and administrative expense

4.8m5.5m5.2m6.7m8.6m9.1m8.9m8.6m10.5m9.8m7.3m7.5m7.3m9.0m7.5m7.2m10.4m9.5m9.5m21.1m15.9m10.2m

Operating expense total

4.8m5.5m5.2m6.7m8.6m9.1m8.9m8.6m10.5m9.8m7.3m7.5m7.3m9.0m7.5m7.2m10.4m9.5m9.5m21.1m15.9m10.2m

EBIT

19.7m12.0m13.9m7.4m10.0m14.7m19.0m11.1m6.9m2.7m(244.3m)(221.9m)(216.9m)(76.1m)(4.4m)(9.7m)8.4m14.4m7.6m1.6m13.2m25.8m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

934.0k19.0k4.4m9.3m133.1m3.8m

Accounts Receivable

78.4m94.4m57.9m37.1m55.2m63.4m

Prepaid Expenses

1.7m1.2m1.9m1.4m1.9m

Inventories

3.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

374.0k178.0k687.0k2.9m2.4m1.6m879.0k937.0k900.0k1.2m709.0k580.0k329.0k1.3m2.9m424.0k908.0k1.0m1.1m888.0k617.0k815.0k3.3m

Accounts Receivable

50.9m54.8m69.8m73.5m76.4m91.2m92.5m95.8m66.8m65.9m68.8m45.1m43.2m37.5m34.8m42.5m47.2m50.7m73.4m73.8m58.6m61.4m65.7m

Prepaid Expenses

1.5m1.7m1.7m1.8m1.3m903.0k1.1m1.3m1.1m904.0k1.5m1.9m5.0m3.5m1.3m1.8m3.8m3.0m2.4m1.9m2.1m2.7m2.2m

Current Assets

68.7m66.7m91.1m89.4m95.7m111.4m108.2m107.8m77.6m80.4m78.7m123.1m101.6m122.8m110.0m81.7m71.8m58.4m84.7m78.3m70.7m80.2m77.0m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

18.0m(113.8m)(21.8m)(742.3m)(161.7m)(1.2m)

Accounts Payable

(4.9m)25.9m(14.3m)(27.2m)35.5m25.3m

Cash From Operating Activities

76.8m133.3m143.5m69.5m83.7m137.2m

Capital Expenditures

(1.5m)(2.5m)(1.9m)(124.0k)(106.0k)(3.4m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

8.9m46.5m(742.0k)22.1m19.6m(3.0m)6.0m3.3m(3.5m)(19.7m)(4.7m)(208.2m)(467.3m)(650.1m)(85.3m)(122.2m)(141.1m)1.5m14.7m99.0k(12.9m)(16.6m)(30.9m)

Accounts Payable

3.3m5.7m13.4m9.3m16.6m8.5m20.0m40.6m(7.4m)(858.0k)4.4m(15.8m)(19.9m)(20.4m)(5.0m)1.8m19.4m3.2m11.3m31.3m7.9m9.4m22.0m

Cash From Operating Activities

50.1m68.9m29.0m40.6m67.6m28.4m64.5m110.9m62.7m91.7m128.9m30.6m40.4m71.3m16.5m23.5m58.7m39.3m52.2m112.0m45.9m60.3m138.6m

Capital Expenditures

(315.0k)(1.1m)(808.0k)(1.1m)(1.3m)(398.0k)(598.0k)(964.0k)(1.1m)(1.7m)(1.9m)(32.0k)(48.0k)(84.0k)(30.0k)(69.0k)(106.0k)(20.0k)(2.4m)(3.5m)(794.0k)(2.0m)(3.3m)
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USDQ2, 2011

Financial Leverage

1.6 x
Show all financial metrics

Resolute Energy Operating Metrics

Mar, 2017

Oil Equivalent per Day, barrels

16.09 k
Show all operating metrics

Resolute Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Resolute Energy Online and Social Media Presence

Resolute Energy's Trends

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Resolute Energy News and Updates

February 22, 2019

Stockholders of Resolute Energy Approve Merger with Cimarex Energy Co.

DENVER, Feb. 22, 2019 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE: REN) (“Resolute” or the “Company”) today announced that at a special meeting of stockholders held earlier today, Resolute’s stockholders voted to approve the adoption of the merger agreement between Resolute and Cimarex E…
February 05, 2019

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Resolute Energy Corporation (REN)

NEW YORK, Feb. 4, 2019 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case No. 1:19-cv-00077, on behalf of shareholders of Resolute Energy Corporation ("Resolute" or the...
February 05, 2019

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Resolute Energy Corporation (REN)

NEW YORK, Feb. 4, 2019 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the District of Delaware, case No. 1:19-cv-00077, on behalf of shareholders of Resolute Energy Corporation ("Resolute" or the...
December 19, 2018

Resolute Energy Corporation Declares Dividend on Preferred Stock

DENVER, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Resolute Energy Corporation (NYSE: REN) today announced that its Board of Directors declared a cash dividend of $20.3125 per share on its 8⅛% Series B Cumulative Perpetual Convertible Preferred Stock, payable on January 15, 2019, to holders of record at th…
November 19, 2018

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Resolute Energy Corporation

NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Resolute Energy Corporation (NYSE: REN) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Cimarex Energy Co. (NYSE: XEC)....
November 19, 2018

UPDATE 3-Cimarex to pay 15 pct premium for Resolute Energy in Permian push

Oil and gas producer Cimarex Energy Co on Monday agreed to buy smaller rival Resolute Energy Corp for about $811 million, adding more assets in the shale-rich Permian Basin for a premium of roughly 15 percent.
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 Resolute Energy Frequently Asked Questions

  • When was Resolute Energy founded?

    Resolute Energy was founded in 2004.

  • Who are Resolute Energy key executives?

    Resolute Energy's key executives are James Tuell, Nicholas Sutton and Richard Betz.

  • How many employees does Resolute Energy have?

    Resolute Energy has 128 employees.

  • What is Resolute Energy revenue?

    Latest Resolute Energy annual revenue is $303.5 m.

  • What is Resolute Energy revenue per employee?

    Latest Resolute Energy revenue per employee is $2.4 m.

  • Who are Resolute Energy competitors?

    Competitors of Resolute Energy include Delta Oil & Gas, Deep Well Oil & Gas and Carbon Energy.

  • Where is Resolute Energy headquarters?

    Resolute Energy headquarters is located at 1700 Lincoln St #2800, Denver.

  • Where are Resolute Energy offices?

    Resolute Energy has offices in Denver and Midland.

  • How many offices does Resolute Energy have?

    Resolute Energy has 2 offices.