Resolute’s Texas properties were acquired in 2011 and are located in Reeves, Howard and Martin counties, in the Permian Basin of West Texas. In Reeves County in the Delaware Basin, Resolute controls approximately 24,000 gross (8,200 net) acres, prospective primarily for Wolfbone production. In the Midland Basin, we own leasehold covering approximately 3,700 net and gross acres with infill drilling and uphole recompletion potential.
Resolute placed 7 gross (5.0 net) wells on production during the fourth quarter, bringing its total producing well count to 196 gross (110.0 net). Additionally, at the end of the fourth quarter there were 1 gross (1.0 net) wells drilled and waiting on completion and hookup, which are expected to be on production during the first quarter. A continuous drilling program is maintained in the basin, and at the end of the quarter 1 gross (0.5 net) wells were still drilling.