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Tag Archives: Halcon Resources

Halcon decreases Bakken well costs, increases production

For Halcon Resources Corp, costs in the Bakken have decreased while production increased during the first quarter of 2015 when compared to the previous quarter, The Bakken Magazine reports. After releasing its preliminary results for the first quarter, the company noted that it has been able to haggle lower prices with its service providers. Additionally, the company is continuing to ...

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Goodrich plans startling 2015 budget amidst low oil prices

Goodrich Petroleum Corp. has 99 problems, but low oil prices isn’t one. Goodrich released its capital expenditure budget for 2015, and it has some people scratching their heads. Over 95 percent of the $150-200 million budget is oil-directed and will go in its entirety to the development of the Tuscaloosa Marine Shale (TMS). According to the company’s press release, “costs ...

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Halcón to focus on key shale plays, scale back TMS exploration

Halcón Resources Corp. is scaling back its drilling plans in the Tuscaloosa Marine Shale (TMS). Because of the oil price slump that has many companies recalculating profit margins, Halcón is cutting down on activity in the TMS in Louisiana and Mississippi. Drilling in the TMS is costly and has yet to yield a great deal of profit. The low prices make ...

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Debt, not oil, proving bountiful in Tuscaloosa Marine Shale

Marissa Hall | Shale Plays Media The same man who built Petrohawk Energy Corp., the company that first tapped the Eagle Ford shale play, is piling up debt attempting to have repeat success with Halcon Resources Corp. in the Tuscaloosa Marine Shale (TMS). Floyd Wilson has built four public energy companies in his 44 years as an entrepreneur in the ...

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Untapped Tuscaloosa shale prime for profit

shale map

Shane Thielges for Shale Plays Media In the past couple of years an influx of energy companies have begun moving to buy up areas of land in south-central Louisiana and southwestern Mississippi. Their target is the Tuscaloosa Marine Shale, a little-known oil deposit that has often found itself overshadowed by famous neighbors like the Eagle Ford, Permian and Haynesville in ...

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