Resolute Energy Corp. (REN) Amends Long Term Supply Agreement
Resolute Energy Corp. announced that the company has signed an amendment to a long-term supply agreement for a key raw material used in the company’s production of oil. Resolute Energy Corp. has an outstanding agreement with Kinder Morgan to supply carbon dioxide to be used at the company’s properties in the Aneth Field in Utah. The company injects the carbon dioxide into older oil wells that are close to the end of their productive lives in order to stimulate additional production. Resolute Energy Corp. said that the amendment extends the term of the agreement by four years from the original…