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Halcón Resources: Strong Eagle Ford Production, Focused Budget

IMPORTANT NOTE: This article is not an investment recommendation or research report. It is not to be relied upon when making investment decisions - investors should conduct their own comprehensive research. Please read the Disclaimer at the end of this article.

El Halcón Production Trend

Halcón Resources' (HK) December daily gross oil production in El Halcón (Eagle Ford) in East Texas declined slightly (~3%) month-on-month. Three new wells were turned to sales in December, one less than the number of new completions in each November and October. For the quarter, gross production from the Eagle Ford was ~22% above the Q3 average rate. On a year-on-year basis, production grew at a respectable ~40% rate.

(click to enlarge)

(Source: Zeits Energy Analytics, February 2014)

Quarter-to-quarter production volume volatility has been driven primarily by the timing of well completions. Slowdowns occurred during the cold months last winter and during last summer. Well… Read More …