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Halcón announces additional reductions to 2015 drilling & completion budget


Published Jan 12, 2015
Halcón Resources Corporation-5
Halcón Resources Corporation

Halcón Resources Corporation announced additional reductions to its 2015 drilling and completion budget.

Halcón's drilling and completions budget for 2015 is $375 - 425 million. Capital will be directed towards locations in the Fort Berthold area of the Williston Basin and El Halcón in East Texas. In addition, the Company expects to spend approximately $20 million on leasehold, infrastructure, seismic and other in 2015.

Halcón is planning to operate an average of two rigs in the Fort Berthold area and one rig in El Halcón in 2015. The Company does not anticipate any meaningful lease expirations despite this reduced rig count.

The Company expects to produce an average of 40,000 - 45,000 barrels of oil equivalent per day (Boe/d) in 2015.

Tags: Halcón Resources Corporation




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