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Halcon Resources (HK -0.6%) agrees to buy an operated interest in east Texas oil and gas leases...
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Wednesday, June 6, 2012, 10:05 AM ETHalcon Resources (HK -0.6%) agrees to buy an operated interest in east Texas oil and gas leases for ~$377M. HK plans to pay $222M in cash and issue ~16.5M shares to buy the interest in the assets covering 16,365 net acres. Net daily production runs to ~2,000 boe/day at the leases, which HK believes are prospective in the oil-rich Woodbine formation.
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