Think they have MORE than 600,000 acres now. Let's see (from memory, so rough #s)
125,000 El Halcon
~ 50,000 Utah + Miss. Lime combined
~est. total = 865,000 acres. Please correct any #s that may be too far off.....
Halcón Resources has acquired 95 percent of Encana Corp.’s Tuscaloosa Marine Shale leases in East and West Feliciana parishes and Wilkinson County, Miss., in a deal that could be worth as much as $400 million.
Time warp! They bought from Warner in July 2013 then EnCana.
They already have 17 wells permitted and at the casing in the first well.
Hey Floyd past you on Rte10 towing a rig and you just got dusted.
Sentiment: Strong Buy