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Halcon Resources Completes Successful Woodbine Well

Source: www.gulfoilandgas.com 9/5/2012, Location: North America

Halcon Resources Corporation (Company) announced the successful completion of the AM Easterling-Gresham A 1H in Leon County, Texas. The AM Easterling-Gresham A 1H (92% working interest) was completed in the Woodbine formation and had an initial gross production rate of approximately 942 barrels of oil equivalent per day (Boe/d), or 919 barrels of oil and 139 mcf of natural gas, on a 32/64 choke. Average daily production from the well over its first seven days was approximately 831 Boe/d (97% oil). The well was drilled to a total measured depth of 14,265 feet, including a 6,730 foot lateral, and was completed with 24 stages. The Company is currently running three operated rigs in its Woodbine/Eagle Ford play in East Texas and expects to add two additional operated rigs by mid-September.

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