Halcon, HRC Operating, G3 Operating, And GeoResources

In light of the long Halcon post, posted earlier today, I will re-post this note, taken from PN Bakken:

In this week’s North Dakota well operator transfers list, there are numerous transfers of wells from G3 Operating LLC to HRC Operating LLC. 

HRC Operating, formerly G3 Operating, is an indirect, wholly-owned subsidiary of Halcon Resources Corp. G3 Operating was acquired by Halcon as part of Halcon’s acquisition of GeoResources in 2012.

The transfers are part of an internal reorganization and simplification effort by Halcon to apply its brand to all of the company’s remaining subsidiaries. All active assets that were formerly identified as G3 Operating are now identified as HRC Operating, both in North Dakota and Montana. The transition was done through a blanket name change.

There are still wells on the North Dakota Industrial Commission Department of Mineral Resources Oil and Gas Division’s website posted under G3 Operating and GeoResources, but none are active. All of Halcon’s active wells are posted under the new HRC unit.