Resolute Energy selling non-core assets in Texas

Resolute Energy Corp. of Denver will sell certain non-core assets in west Texas to an unidentified buyer for $42 million.

The company (NYSE: REN) on Monday announced a definitive agreement’s in place, with the deal expected to close by May 1. Resolute Energy said the assets are “operated and non-operated properties primarily located in Howard County, Texas.”

Resolute Energy said the proceeds will be used to reduce its debt.

The company also announced the resignations of two board members: William…