Halcón Resources Will Spend 40% of its 2014 Budget in the Eagle Ford – ~$380 Million

Halcón Resources Increases Fourth-Quarter Production By 43%
Halcon Resource's Eagle Ford Acreage Map

Halcon Resource’s Eagle Ford Acreage Map | Click to Enlarge

Halcón plans on spending ~$380 million in its East Texas Eagle Ford acreage (El Halcón) in 2014. That’s approximately 40% of the company’s budget.

At the end of February, 2014, there were 45 Eagle Ford wells producing, 10 wells completing or waiting on completion, and 4 wells being drilled.

Read moreHalcon Holds Production Guidance & Lowers its 2014 Capital Budget

Halcón currently has working interests in approximately 100,000 net acres tied to prospective drilling in the Eagle Ford formation in East Texas. The Company plans to operate an average of 3 rigs and spud 40 to 50 gross operated wells in 2014.

[Read more…]

Halcon’s New Eagle Ford Core Play And More – Floyd Wilson Video

Halcon Plans Assets Sales To Support Bakken, Eagle Ford, and Utica Development

Floyd Wilson recently sat down with Jim Cramer to discuss Halcon’s development strategy across its shale plays. The company keeps to a strategy of developing infrastructure before developing assets. [Read more…]