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Halcon's Eagle Ford Wells Outperform Curve; Bakken Drill Times Cut 29%

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Halcon's Eagle Ford Wells Outperform Curve; Bakken Drill Times Cut 29%

Halcón Resources Corporation announced its third quarter 2015 results.

Key Points: Bakken: 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. The Company spudded 13 wells and put 9 wells online in the Fort Berthold area during the period.  Completed well costs remained consistent throughout most of the third quarter of 2015 at approximately $7.2 million; however, Halcón has experienced additional service cost reductions and estimates that completed well costs in FBIR are currently approximately $6.8 million.

Eagle Ford: Halcón operated one rig in El Halcón during the third quarter.  The Company spudded four wells and put three wells online…
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