Halcon Snuck Up On Me: 135,000 Net Acres; 8 Rigs In The Bakken

From Yahoo!In-Play:

Halcon Resources provides operational update; says co is currently operating 17 rigs across its holdings and is producing ~ 30,000 barrels of oil equivalent per day:
The co is currently operating 17 rigs across its holdings and is producing approximately 30,000 barrels of oil equivalent per day. Drilling and completion results continue to improve and there are 27 wells currently being completed or waiting on completion. Co continues to identify and acquire specific acreage in its core areas. 

The co is operating eight rigs on its 135,000 net acre position in the Williston Basin.
The implementation of drilling and completion modifications continues to yield impressive results. Co expects well costs in the Fort Berthold area to decrease by approximately 10% to $9.0 million by the end of 2013, through efficiencies related to pad drilling operations, implementation of centralized production facilities and continued optimization of completion techniques. 

Co is operating five rigs at El Halcon. The average effective lateral length for the two most recently drilled and completed wells in the play is 8,349 feet. The average initial production rate from these two wells is 1,116 boepd (94% oil) on a 16/64 choke, or 18% higher than the average initial rate for all previously drilled and completed Company-owned wells in this area. The co is operating two rigs on its 210,000 net acre position prospective for the Woodbine and other formations in East Texas.

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