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Halcon Ups 2017 Budget; Additional Capital To Permian & Williston
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Halcon has revised its 2017 guidance as well as reported its Q4 2017 results.
Delaware Basin (New Asset)
Rigs Plan : 2 Rigs (adding 2nd Rig in March, 2017) Wells Planned : 10-15 GrossWilliston Basin
Rigs Planned : 1 - 1.5 Rigs Wells Planned : 24 (spud), 36 online
Halcon has revised its D&C capex guidance for 2017 up to $300 million vs. prior guidance of $280 million.
This increase is driven primarily by changing the drilling plan in Pecos County to drill more longer lateral wells and adding two new wells to its Ward County asset drilling plan based on the positive initial pilot well results. Halcon expects its first quarter 2017 production to average…
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