Halcón Resources, a Utica Shale driller, issued their first quarter financial and operational update yesterday. With regard to the Utica, the company reports they operated two drilling rigs in Ohio and Pennsylvania (yes, there is Utica in PA too!), drilling and completing four wells in 1Q13. Select portions of the Halcón update:
The down sides of drilling, if you happen to live close to a drill site, are noise, flood lights for working at night, and truck traffic. Residents of the Westwood Lake Mobile Home Park in Trumbull County, OH can attest to that. The good news is, drilling only lasts a short time—typically a month or [...]
Halcon Resources, a driller headquartered in Houston, TX, is active in half a dozen different shale plays in the U.S., including the Utica Shale. The surprise part is that Halcon is drilling in the Utica in Pennsylvania as well as Ohio. Yes the Utica does underlay a large part of PA as well as eastern [...]
Houston-based Halcón Resources Corporation issued their fourth quarter and full year 2012 financials and operational update last week. As MDN has been reporting, Halcón is ramping up in the Utica Shale (see Location of Second Halcon Utica Well in Trumbull County, OH). Their 2012 update further confirms that they are making a big push in [...]
Halcon Resources continues their rapid pace of new drilling in Trumbull County, Ohio. MDN recently told you that the very first horizontal Utica Shale well to be drilled in Trumbull is now under way by Halcon in Hartford township (see Trumbull County’s First Utica Shale Well Now in Process). Looks like Lordstown will be the [...]
Although BP is the largest leaseholder for Utica Shale drilling in Trumbull County, OH with 84,000 acres under lease, Halcon Resources, which purchased 15,000 acres of leases from Carrizo Oil & Gas in October (see this MDN story), is the first to put drill bit to earth and is currently drilling the county’s very first [...]
Halcon Resources continues to step up its presence (and telegraph its intentions) with drilling in Trumbull and Mahoning counties, Ohio. The latest indicator that Halcon is serious about eastern OH? The presence of 25 workers seeking permission from landowners to take seismic readings in the area:
A few weeks ago MDN told you about a new landowners group in Lordstown, Ohio, formed in response to requests from Halcon Resources who is asking landowners in the area to sign modifications to existing 20-50 year-old leases on their property to allow for Utica Shale drilling (see this MDN story). At the time the [...]
One month ago Halcon Resources purchased Carrizo Oil & Gas’ northern Utica Shale acreage (15,000 acres) for $43 million (see this MDN story). Halcon is not letting any grass grow under their feet. They are already working on their first Utica Shale well—preparing the site—in Trumbull County, OH. When completed, it will be the first [...]
Very important for landowners in and around Trumbull County, Ohio: Halcon Resources, which took possession of some 31,000 acres of 20-50 year old gas drilling leases in northeastern Ohio, is approaching landowners about amending their leases to allow drilling in the Utica Shale. It’s a good opportunity for landowners to make money from drilling, but [...]
Yesterday MDN reported that Carrizo Oil & Gas had sold off it’s interest in lease acreage in Ohio’s northern Utica Shale region for $43 million (see this MDN story). Carrizo did not identify the buyer, but the enterprising Youngstown Business Journal did. Here’s who it is:
About the half the landowners in Mercer County, Pennsylvania who signed leases with Halcon Resources (via CX Energy) to allow shale gas drilling on their property found out Monday night that Halcon is not exercising their lease options. The other half found out Halcon will go forward with drilling on their property. What happened?
Bombshell: Halcon Resources Corp. is paying NCL Appalachian Partners $194 million (over $6,000 per acre) to take over land leases for drilling on 31,000 acres mostly in Trumbull County, OH (and about 3,000 acres in Mahoning County, OH). This is not money going to landowners but to the leaseholder, NCL. And it’s for old leases [...]
Landowners in Trumbull County, Ohio—some 50 to 60 families—are now collectively $7 million richer since receiving their lease signing bonus checks. Including Richard and Ida Faber, who received a check yesterday for $701,580—almost $3,000 per acre.
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