Thursday, September 12, 2013

Halcon To Sell Non-Core Conventional Assets

Press release, regarding three separate purchase and sale agreements, totaling about $300 million:
In aggregate, as of December 31, 2012, estimated proved reserves associated with the Properties were approximately 21.2 million barrels of oil equivalent, 67% of which was proved developed. Proved reserves were approximately 77% oil and NGLs, and these assets currently produce approximately 4,500 barrels of oil equivalent per day. 
Perhaps more later.

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