Halcon Resources provides operational update; co estimates that it will add four to six operated drilling rigs to its resource style drilling program by year end 2012.
The recently closed acquisitions of GeoResources, Inc. and assets in East Texas were structured to bolster the Company's production profile and reserve base while providing additional growth opportunities in liquids-rich regions.
Halcon continues to transition from the leasehold acquisition phase of its development into the drilling phase with 11 operated drilling rigs currently running on resource style assets. The Company estimates that it will add four to six operated drilling rigs to its resource style drilling program by year end 2012. Halcon Field Services LLC, a midstream subsidiary of Halcon, continues to work on infrastructure construction and solutions in all areas of activity.How many of those would go to the Bakken was not mentioned in the note.