Halcón Resources 2Q16: Still No Utica Drilling, Focused on ND

Halcon ResourcesLast week Halcon Resources, a Utica Shale driller that “guessed wrong” by leasing 140,000 Utica Shale acres in the northern part of the play (in Ohio) and currently doesn’t drill on any of that acreage, filed for bankruptcy (see Halcon Resources Files for “Pre-Packaged” Bankruptcy). On the heels of their bankruptcy filing, the company released an update for second quarter 2016. These days Halcon concentrates their efforts on oil drilling in the mighty North Dakota Bakken Shale play, where they currently operate a single rig. Here’s the latest on the latest driller to go bankrupt…

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