Halcon Resources (HK -0.6%) agrees to buy an operated interest in east Texas oil and gas leases...

|About: Halcon Resources Corporation (HK)|By:, SA News Editor

Halcon 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.