Aneth Field is a large, foundational oil asset generating free cash flow. Located in the Paradox Basin of eastern Utah, Aneth Field is under an enhanced oil recovery project. Resolute is currently running a process to sell Aneth Field.
Highlights:
- 1.5 billion barrels of oil originally in place (OOIP)
- Only 31% OOIP is recovered to date
- Ongoing, successful CO2 flood
- 93% of production is crude oil
- 1% production decline over past three years
At a glance
(Strip case as of year-end 2016)
Proved reserves
40
MMBoe
PV-10 (in millions)
$288