Highlights From Halcon's Barclay's CEO Energy Presentation

From SeekingAlpha.

Three core areas.

Significant spot up in the Bakken/Three Forks, accounts for about half of HK's daily production.

Utica/Point Pleasant: waiting on infrastructure. No production to speak of yet.

Eagle Ford: newest play.

Williston Basin:

• quite a bit of acreage
• involved in several increased density test operated by others, a couple by HK
• moving from 600K EURs to 750K EURs (high end)

Cost:

• have not been able to bring costs down
• completions actually cost more
• just starting to do pad drilling
• echoes: CLR -- pad drilling can save $400K/well; $1 - $2 million/pad

Density:

• Fort Berthold: 660 foot spacing (getting closer to the 500-foot spacing I opined about a long, long time ago)

Slick water completions:

• "The slick water fracks we're doing up in Williams County about double production reserves and IPs on those wells, so that's going to be quite a change."

Future:

• "Over the next five or 10 years, you're going to see a lot more in these shale plays. There's just a lot of smart people working them."