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.
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.