Halcón Resources Issues Mid-Quarter Update on Utica Drilling
Yesterday, Halcón Resources Corporation provided a mid-quarter operational update for the shale plays they are actively drilling. One of those plays, the one with the most detail in the update, is the Utica Shale. Halcón has drilled eight and is in the process of drilling its ninth Utica Shale well on their 140,000 acres of leases. Even though some analysts responded with disappointment to Halcón’s early test results from Utica wells drilled in Pennsylvania a few weeks ago (see Halcón Resources Issues Utica Shale Well Production Update), to their credit, Halcón continues to be transparent, not holding back any information on their Utica drilling program.
Here’s Halcón’s latest Utica Shale update: