Friday, March 13, 2015

Update On Halcon -- SeekingAlpha -- Richard Zeits

Over at SeekingAlpha, update on Halcon in the Eagle Ford, not the Bakken:
  • Based on my (Richard Zeits) well-by-well aggregation analysis, Halcón’s January 2015 Eagle Ford production remained essentially in line with the average for Q4 2014 (slight decline).
  • Wells that were added in the past six months are outperforming the average for the preceding wells.
  • HK's Eagle Ford production may decline in 2015 as the drilling program is scaled down to one rig. 
Also:
Halcón Resources' January 2015 daily gross oil production in El Halcón (Eagle Ford) in East Texas declined 1% from the previous month (and ~3.5% from the average production volume for Q4 2014). Two new wells were turned to sales in January, compared to the average monthly new completion pace of 3.8 wells in the second half of 2014.
Disclaimer: this is not an investment site. Do make any investment, financial, or relationship decisions based on what you read here or what you think you may have read here even if what you think you read here was really, really cool. It probably wasn't. It was just my irrational exuberance. If this stuff is important to you, go to the source.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.