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Halcón Resources Corporatio Message Board

  • zoom_bee zoom_bee Nov 9, 2013 1:33 PM Flag

    Ears back in Antelope

    ‘Ears back’ at Antelope
    Continental accelerates full-field middle Bakken, 3-bench Three Forks development
    Petroleum News Bakken
    It’s “ears back” at Continental

    Resources Antelope prospect says the company’s founder, chairman and CEO Harold Hamm, comparing the North Dakota prospect to a horse allowed to run “full out.” In the case of the Antelope, a Bakken
    petroleum system play, it means the big Oklahoma-based E&P independent is accelerating
    development of its Antelope prospect, where Hamm announced in early November the successful
    completion of Continental’s first well density test in the Hawkinson spacing unit, “demonstrating very strong initial production in the Middle Bakken and the first three benches of the Three Forks.”
    Antelope development will first occur at Hawkinson, as planned, but since its results came in ahead of schedule by 30 days and the infrastructure to handle takeaway for both oil and gas is “almost” finished, Continental is proceeding with “ears back,” likely adding to projected production, Hamm said in a third quarter earnings conference call Nov. 7. “Once again, Continental is pioneering the expansion and improved recoveries in the worldclass Bakken oil play, demonstrating the productive potential of four to five stacked zones with multiple wells in each,” he was quoted as saying in a Nov. 6 press release. In October the Hawkinson unit initially tested at a combined rate of 14,850 barrels of oil equivalent per day from 14 wells, Continental said.This included 13,400 boe per day from 11 new wells drilled this year and combined current rates of 1,450 boe per day from three existing wells in the unit, which to date have cumulative production of 1.3 million boe since 2010.

    Halcon just spud 02 November for lower bench Three forks in the Antelope field... game on

    Sentiment: Buy

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