| | | |

Halcon CEO Says No More S***** Wells in Northern OH Utica

Drillers are still figuring out the Utica Shale–the best places to drill, and the best places to not drill. Sometimes the “don’t drill here” lessons are tough because each well drilled costs a lot of money ($8 million or more, typically). On an analyst call Tuesday to discuss third quarter results, Halcon Resources Corp. CEO Floyd Wilson used some salty language to describe where they don’t intend to do more Utica drilling, which is in northern Trumbull County, OH. Instead, he said they’ll concentrate their efforts on the southern part of the county where they have more leased acreage that he believes will yield a better result.

Here’s a small portion of the phone transcript where Wilson talks about the Utica and where he definitely won’t be drilling again:
Continue reading

| | | | | |

Anti-Drilling CA Group Assists Residents Near Halcon OH Drill Site

Yesterday MDN told you about Halcon Resources drilling another two wells at the Kibler site near Lordstown (Trumbull County), OH (see Halcon Drilling 2 More Wells Near Lordstown, OH). Seems there’s a bit more to the story than the neighbors being concerned about nighttime noise and lights. They’re also concerned about air quality, and residents of a nearby trailer park are working with an anti-drilling, anti-fossil fuel company from California called Global Community Monitor to do air quality sampling to ensure they aren’t breathing in dangerous levels of pollutants.

MDN asks: Why even bother with the pretense of testing? Global Community Monitor has already pre-determined what the outcome will be. Just announce the results now–that drilling anywhere at any time will kill the planet…
Continue reading

| | | | | | |

Halcon Drilling 2 More Wells Near Lordstown, OH

Lights! Action! Noise! … No, it’s not the set of a Hollywood movie, but the resumption of drilling at a Utica Shale well site near Lordstown (Trumbull County), OH. Halcon Resources drilled one well at the “Kibler” site earlier this year, and during the drilling, neighbors complained about the nighttime noise and lights. That first Kibler well was so successful for Halcon, they’re back to drill two more on the same pad. This time, however, they double-dog promise to reduce the noise and lights by erecting a sound barrier and using directed lighting.

Still, some of the neighbors are not impressed and say they’d feel better if Halcon just walked over and talked to them about their plans…
Continue reading

| | | |

Halcon’s $70M Oil/Rail Terminal in Lordstown, OH Advances

In July, MDN told you about Halcon Resources’ plan to build a $70 million oil storage and rail-loading terminal in Lordstown, OH (see Halcon Resources Plans $70M Oil Terminal in Lordstown, OH). That project will be one step closer to reality with the completion of a 12,000-foot loop train track at the Ohio Commerce Center in Lordstown (Trumbull County).

An update on the Halcon project…
Continue reading

| | | | |

Halcon Resources to Begin Seismic Testing in Mahoning County, OH

Let the thumping (in Mahoning County, OH) begin. Mahoning County commissioners have approved a one-year road use agreement with Halcon Resources that allows them to perform seismic testing along county and town roadways. Halcon will pay $600 per mile, post a $100,000 bond (for the county) and a $50,000 bond (for each of six townships) where they will test. Halcon will also spend some major money repairing roads even before they begin testing…
Continue reading

| | | | | | | | | | | | |

Who’s Who in OH Utica Shale Drilling for 2013

Who's WhoInvestor’s website Market Realist ran a 7-part series on the Utica Shale yesterday–really good stuff. As part of that series they list the biggest drillers/leaseholders in the Ohio Utica Shale. It’s a very useful rundown and update on the latest positions held by the major players of the Utica. We’ve pulled and condensed from their article to give you the latest rundown on who’s who in the Ohio Utica Shale…
Continue reading

| | | | | |

Halcón Resources: Will Drill Up to 500 Wells in the Utica

500Halcón Resources Corporation, increasingly an important driller in the Utica Shale, released their second quarter update yesterday. Halcón CEO Floyd Wilson also held a conference call for analysts. On that call, Wilson boasted about Halcón’s Utica Shale program–in particular the Kibler 1H well in Trumbull County which has been producing 2,233 barrels of oil equivalent per day–75% of it liquids. Halcón, which concentrates its drilling in “oily” plays like the Bakken and Utica, is currently operating 2 drilling rigs in Ohio/Pennsylvania. They’ve drilled nine Utica wells and are now evaluating the results. Halcón has 142,000 acres leased in the Utica Shale (primarily in Ohio).

Remarks about Halcón’s Utica program from the conference call, and the Utica portion of yesterday’s 2Q13 report:
Continue reading

| | | |

Halcon Resources Plans $70M Oil Terminal in Lordstown, OH

Last November, MDN told you about a new landowner group in Lordstown, OH that had formed to negotiate with Halcon Resources who had recently purchased 20-50 year-old leases in the area, hoping to drill Utica wells on those properties (see Halcon Resources Responds to Lordstown, OH Landowners Group). The landowners, of course, want to renegotiate the leases to allow Utica drilling with updated safeguards and protections–horizontal drilling was not envisioned when the original leases were signed all those years ago. Halcon is willing to grant them an increase in royalty payments, but essentially told the landowners to sign the revised lease they were circulating or risk not getting a dime. The tone was very much take it or leave it.

MDN has no word on the status of those talks, but we do notice two things: Halcon has, since last November, applied for and received four Utica Shale drilling permits in Trumbull County; and, Halcon is planning to build a $70 million oil storage and rail-loading terminal in Lordstown…
Continue reading

| | | | | | | | | |

Trumbull County, OH Residents Upset with Nearby Utica Well Noise

A Utica Shale well being drilled by Halcon Resources in Trumbull County–the Kibler 1H well–is causing problems for nearby residents of the Westwood Lake mobile home park. The chief complaint is the loud noise from the well due to flaring (burning off initial waste coming from the newly drilled borehole). Residents are also concerned about possible air pollution, and they’ve asked the Trumbull County Commissioners board to investigate and enact new zoning ordinances…
Continue reading

| |

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:
Continue reading

| | | | | |

3 Important Questions Asked/Answered about Utica Shale Potential

Investors website The Motley Fool does a good job of asking, and answering, three important questions about the Utica Shale play, especially in light of the recent 2012 production report issued by the Ohio Dept. of Natural Resources.

The Fool article takes a look at: (1) Which other play(s) is the Utica like? (2) Were the 2012 numbers really a disappointment? And, (3) Why are producers holding back production?…
Continue reading

| | | | | | |

Will Halcon Get So-So Results on OH Side of the Utica?

Although some analysts have given Halcón Resources a drubbing the past few weeks over lackluster production performance for some of their initial Utica Shale wells in Pennsylvania, that’s not slowing the company down. It’s full speed ahead of Halcón–especially in Trumbull County, OH where the first-ever Utica well for Trumbull was drilled (last year) by Halcón will soon go online. Crews are busy at work laying pipeline that will run from several Halcón wells in Trumbull…
Continue reading

| | | |

Halcón Resources Issues Utica Shale Well Production Update

Last week Halcón Resources issued an operational update for their Utica Shale wells. The company attempted to put a good spin on the news, but since then, some analysts have reacted with less than glowing remarks about the performance of the wells (see NGI’s Shale Daily article: Halcon’s Utica Test Wells Disappoint Analysts; EVEP Charges On).

Here is the Utica update from Halcón from last week, along with a handy map of their well locations:
Continue reading