Resolute Energy to Purchase CO2 from Kinder Morgan

Resolute Energy Corporation (NYSE: REN) today announced that on October 5, 2010, it amended its contract to purchase CO₂ from Kinder Morgan CO₂ Company, L.P. The contract provides Resolute with its principal source of CO₂, a crucial component for development of its properties in Aneth Field in Utah, where Resolute is undertaking CO₂ flooding, workovers and infrastructure upgrades.

The amendment, effective September 1, 2010:

• Extends by four years the term of the contract, from December 31, 2016 to December 31, 2020;
• Increases overall volumes of CO₂ available for purchase by Resolute and increases Resolute’s commitment to purchase CO₂ to an aggregate of approximately 176.5 Bcf over the term of the contract;
• Reduces the price per Mcf of CO₂ to be paid by Resolute to Kinder Morgan; and
• Gives Resolute greater flexibility to adjust annual volumes of CO₂ purchased to match its CO₂ needs, as they vary from time to time.

Resolute believes that the revised contract provides it with the ability to more effectively meet its CO₂ needs over the next 10 years as it continues to develop its CO₂ flood project across the Aneth, McElmo Creek and Ratherford Units in Aneth Field.