Halcon Pull Back from Utica: What about Their $70M Oil Terminal?

Yesterday MDN brought you the bombshell news that Halcon Resources has shaken the dirt of their shoes in the Utica and is heading to greener (so they say) pastures in other shale plays (see Halcon Resources Stops Drilling, Gives Up on the Utica Shale). Not so long ago–last July–Halcon announced they were working on a $70 million oil storage and rail transloading terminal in Lordstown (see Halcon Resources Plans $70M Oil Terminal in Lordstown, OH). The first of three planned phases for that project were, at the time, predicted to be completed in 2014. Is that project now in jeopardy too, with Halcon taking their “wait and see” attitude in the Utica?

Lordstown area officials have no official word from Halcon on the oil terminal’s fate, but they’re nervous…

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