Halcón Resources (HK) Updates on 314K TMS Acre Stake
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Halcon Provides Tuscaloosa Marine Shale ("TMS") Operational Update and Announces TMS Development Partnership
June 9, 2014 7:30 AM EDTHOUSTON, TEXAS, June 9, 2014 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today provided an operational update related to its 314,000 net acre position in the Tuscaloosa Marine Shale ("TMS").
The Horseshoe Hill 11-22H-1 (92% WI) well in Wilkinson County, Mississippi, achieved a 24-hour average initial production rate of 1,208 barrels of oil per day and 1.1 million cubic feet per day of 1,551 BTU natural gas on a 19/64 inch choke. Based on gas composition analysis and assuming full ethane recovery, the Company estimates that the well would... More
