Friday, April 13, 2012

Halcon Enters The TMS

The phones are buzzing today confirming numerous lease offers from Halcon Resources in Rapides Parish.  Offers have been stated to be $500/acre and a 1/4 royalty.  Halcon is also acquiring leases in the "age-equivalent" Eaglebine play in East Texas.  We'll see how this TMS duel with EOG turns out. 

2 comments:

  1. Kirk,
    According to the Feb. presentation it looks like Halcon is planning to drill and frack the Wilcox. Do you have info that says that they are going after TMS?

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  2. Joe,
    See slide 22:
    http://files.shareholder.com/downloads/ABEA-5X1N65/1796719986x0x547166/08d62269-c1db-4cdf-829f-cc485a6f1782/Halcon_February_Investor_Presentation_-_vFINAL.pdf

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