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Aresco Divests Nine East Texas Eagle Ford Shale wells

Source: www.gulfoilandgas.com 3/17/2014, Location: North America

Aresco LP, a privately held Dallas-based exploration and production company, announced the sale of nine B&R Energy well assets to Halcon Resources Corporation. The nine-well package, located in Brazos and Madison Counties, Texas, is part of Halcon’s core Eagle Ford area of operations.

“Coming off our recent alignment with B&R Energy, we are excited to be a part of facilitating the return of capital to our partner base,” said Brandon Laxton, President and CEO of Aresco LP. “As our investors enjoy the opportunity to recycle capital into new projects, we wish Halc?n best of luck as they continue their expansion throughout their El Halcon area of interest in East Texas.”

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