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Halcon Resources Reduces Bakken Wells Cost; Cut Drilling Days
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Halcón operated an average of two rigs in the Williston Basin during the quarter. The Company spudded 13 wells and put 9 wells online in the Fort Berthold area during the period. Halcón also participated in 34 non-operated wells with an average working interest of approximately 1% during the three months ended September 30, 2015. On average, operated wells put online in 2015 are outperforming the Company’s 801 MBoe FBIR type curve.
Average drill times (surface spud to rig release) in FBIR decreased to 15.81 days per well during the third quarter of 2015, 29% faster than the average drill times during the third quarter of 2014. In addition, Halcón set the following new FBIR drilling records during the period:
During the quarter, the average time from the start of…
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