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Halcon Resources Cuts $25MM More From Bakken & Eagle Ford Drilling
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Halcón Resources Corporation announced its second quarter 2015 results.
The Company produced an average of 41,297 barrels of oil equivalent per day (Boe/d) during the period. Second quarter 2015 production was 80% oil, 9% natural gas liquids (NGLs) and 11% natural gas.
Additionally, Halcón reduced its drilling and completion budget by an additional $25 million to approximately $325 million to account for lower service costs.
Floyd C. Wilson, Chairman and Chief Executive Officer, commented, "We completed several initiatives towards strengthening our balance sheet in the past few months. As a result we have no near-term debt maturities, and we have the liquidity necessary to execute our business plan and service our debt for the next several years. Moreover, we continue to search for…
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