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.
“ $200 oil is no longer a risk.”
Halcon plans significant divestitures of as much as $400 million or more. Halcon is ramping up in the Eagle Ford and Utica.
"Hard to say if the Eagle Ford is going to be the company's Saudi Arabia, but it is going to be big", Halcon CEO, Floyd Wilson.
He also expects the price of oil to stay volatile with our new supplies. He believes the opportunity is that oil prices might be moderate for some time.