Aresco LP Sells Eagle Ford Wells to Halcón Resources

Deal Includes Nine Wells Located in Halcón's Core Operating Area
El Halcon Eagle Ford Play Map

El Halcon Eagle Ford Play Map | Click to Enlarge

Dallas-based Aresco-LP announced the sale of nine wells to Halcón Resources Corporation in March 2014 for an undisclosed amount.

The wells are located within Halcón’s ~100,000-acre “El Halcón” core operating area in Brazos and Madison Counties.

 

 

 

Aresco CEO, Brandon Laxton, said, “as our investors enjoy the opportunity to recycle capital into new projects, we wish Halcón best of luck as they continue their expansion throughout their El Halcón area of interest in East Texas.”

In 2014, Halcón plans on focusing much of it’s activity in “El Halcón”. The purchase of these wells from Aresco falls in-line with the company’s opertations strategy.

Read more: Halcon Resources Will Spend 40% of its 2014 Budget in the Eagle Ford – ~$380 Million

Halcón CEO, Floyd Wilson, said in a company statement earlier this year, “our focus in 2014 is on drilling wells in the sweet spots of our de-risked acreage in the Williston Basin and El Halcón.”

Read more arescotx.com

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Kirk Eggleston

Kirk Eggleston

Contributor at EagleFordShale.com
Kirk Eggleston writes on significant news developments in the Eagle Ford and Bakken Shale plays. He is a former broadcast journalist, and has experience covering news and politics in the Texas and Louisiana markets.

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