Link here (now requires a subscription to
SeekingAlpha):
- The article presents Halcón’s latest (through May 2014) well performance in the Eagle Ford.
- Based on a well-by-well data aggregation, the company’s
daily gross oil production in El Halcón is up ~32% sequentially so far
in Q2.
- Most notably, the latest wells are performing stronger on average than the company's earlier wells.
- The growth rate is likely to subside in the second half of the year due to the decline in the pace of drilling.
During the month of May, Halcón Resources (
HK) oil production grew in its El Halcón (Eagle Ford) play in East Texas, despite slow new completions schedule during the month:
- The company's average daily gross oil production was up ~3% month-on-month.
- During
the first two months of the current quarter, average gross daily oil
production was up ~32% relative to the first quarter of this year.
Assuming
moderate growth during the month of June, Halcón may post a strong
~35%+ oil production increase in Q2 over the previous quarter.
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