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June 9, 2014
07:36 EDTHKHalcon Resources provides Tuscaloosa Marine Shale operational update
Halcón Resources provided an operational update related to its 314,000 net acre position in the Tuscaloosa Marine Shale.The Horseshoe Hill 11-22H-1 well in Wilkinson County, Mississippi, achieved a 24-hour average initial production rate of 1,208 barrels of oil per day and 1.1 million cubic feet per day of 1,551 BTU natural gas on a 19/64 inch choke. Based on gas composition analysis and assuming full ethane recovery, the Company estimates that the well would produce an additional 212 barrels of NGLs per day for a total 24-hour average initial production rate of 1,548 barrels of oil equivalent per day. The well has a 7,060' effective lateral and was completed with 24 frac stages, 21 of which were effectively pumped and 3 of which were partially pumped. Halcón drilled this well in 39 days. The company has also spudded the SD Smith 1H, located in Wilkinson County, Mississippi, and is planning a 7,660' lateral for this well.
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