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Halcon Plans One-Rig Bakken Program for Rest of 2016; No Eagle Ford Ops
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Halcon Resources Corporation announced its first quarter 2016 results.
Key Points: The Company is currently running 1 operated rig in the Fort Berthold area of the Williston Basin and plans to keep this rig running through the remainder of 2016. Halcon has no other operated rigs running and the Company does not plan additional rigs until oil prices improve. The Company currently has 14 wells in the Bakken being completed or waiting on completion and none in the Eagle Ford.Bakken - Halcon also expects to participate in 15-20 gross non-operated wells over the last nine months of 2016 with an average working interest of approximately 0.5%. Halcon expects operated wells put online over the remainder of 2016 to have an average EUR of approximately 900 MBoe. Current estimated operated…
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