Halcon Resources (HK -11.6%) unveils a new Eagle Ford shale play as its fourth core area, where...

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

Halcon Resources (HK -11.6%) unveils a new Eagle Ford shale play as its fourth core area, where seven wells producing, one well is being completed and three wells are being drilled. HK expects to spud 15-20 wells in the play in 2013 by operating one to threee rigs while spending ~$100M. Early stage estimates for reserves per well are 350K-400K boe.