Halcon Plans Eagle Ford Development in Brazos County, TX

Planning To Spend $100 Million In 2013 Developing The Play
Halcon Eagle Ford Activity Map

Halcon Eagle Ford Activity Map | Click to Enlarge

Halcon is extending the Eagle Ford north into Brazos and Robertson counties in what the company has deemed the “El Halcon” prospect.

The company unveiled a 50,000 net acre position with plans to expand to 150,000 net acres in and around northern Brazos County.Early well results looking promising. The first two wells produced 859 boe/d and 694 boe/d, respectively. Both wells had a production stream that was 94% oil.

The first few wells have effective lateral lengths of 5,632 ft and were completed with 28 frac stages. Halcon estimates each well will recover 350,000-400,000 boe at a cost of $7-8 million.

Floyd C. Wilson, CEO, commented, “This management team knows a thing or two about the Eagle Ford Shale, and we intend to utilize our extensive knowledge of the formation to exploit this new opportunity to create shareholder value.”

Halcon’s plans in the area are to run 1-3 rigs, with capital spending estimated at $100 million in 2013.

Woodbine Area Targeted And More Being Evaluated

Halcon Resources Eaglebine Map

Halcon Resources Lease Map

Halcon also announced the company plans to focus its Woodbine efforts around 220,000 acres in Leon, Madison, Grimes, and Polk counties. The company has confidence in the limits of the Halliday Field and will begin to focus on operational efficiencies.

The results of a 3D seismic survey in Madison, Grimes, and Walker counties should be processed by the end of 2013. The data will allow the company to plan exploration in this less proven area.

Read more in the press release at halconresources.com

 

The following two tabs change content below.
R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Comments

  1. Martha W. Guarisco says:

    Our family owns land in St. Francisville, La. We signed a lease with Halcon and I am just wondering if they plan on drilling in St. Francisville anytime soon. I know that they have drilled in nearby towns. Hope you come our way soon. Would love to talk to someone in person about the possibility. Look forward to hearing from you. Sincerely, Martha W. Guarisco

  2. Justin says:

    Sounds promising and exciting, especially as a resident of Brazos County.

  3. Troy Jones says:

    I have been promising folkd for a year that it was the next EF, I’m glad I wasn’t wrong..lol.

  4. Where is Lewis Energy drilling?

  5. Will chesapeake be drilling soon around that area maybe ??

    • R.T. Dukes R.T. Dukes says:

      Very possible. They’ve sold acreage in the general area over the past year, but they very well could have kept some knowing there was Eagle Ford potential.

Add a Comment

MENU