Resolute Energy plans to sell its Bakken properties in 2013 to fund development of other assets, but the Bakken does account for 8% of the company's production. Production was down slightly in the first quarter, but is expected to rebound in the next few months.
The company cited weather related delays for lower production, but expects the Bakken will rebound to between 1,100-1,200 boe/d in the second quarter. Spring break up could delay production in the quarter, but four wells are clear and waiting on pumping units. There should be room for production to outperform expectations.
Read the company's full press release at resolutenaturalresources.com