Bakken and El Halcón Results Impress, Utica Disappoints
In its press release, Halcón showcased its operating momentum in the Bakken. There is certainly enough in the company's recent results to write home about:
- Net production from the Williston Basin increased by approximately 40% quarter-over-quarter;
- Individual IP rates were very strong;
- Results of the down spacing tests are encouraging and imply that Halcón's core drilling inventory will expand materially, providing the company with greater running room within its relatively small acreage position (~27,000 acres) in the highly productiv portion of
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