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Halcón Reports Utica Operating Results
YOUNGSTOWN, Ohio -- The CEO of Houston-based Halcón Resources Corp. reports the energy exploration company is “excited with our early stage Utica/Point Pleasant results” and its “focus remains on building an inventory of approved/permitted multi-well pads in preparation for a full scale development program.”
Floyd C. Wilson offered the upbeat assessment in a prepared statement released last week as part of Halcón’s operational update.
“Our position in this part of the Utica/Point Pleasant play is highly prospective, in my opinion, and these results further validate our original thesis,” Wilson said. “We will refine our drilling and completion techniques in an effort to drill longer laterals, lower costs and increase recoveries. Halcón Field Services continues to evaluate infrastructure solutions and will be prepared to act accordingly based on the information we gather throughout our delineation phase."
Halcón said Feb. 28 that it would drill 10- to 12 test wells in the Utica, and potentially invest up to $200 million to drill 25 wells.
In its report, Halcón said its Brugler 1H in Trumbull County started flowing the frac load back on May 13. "Expectations are to tie this well into a sales pipeline in early July," the company said. The well was drilled to a depth of 10,959 feet, had an effective lateral length of 3,826 feet and was completed with 16 frac stages.
The Phillips 1H well in Mercer County, Pa., tested at a peak rate of 120 barrels of condensate per day and 2.5 million cubic feet of per day of 1,250 BTU natural gas, the company reported. Based on composition analysis and assuming full ethane recovery, Halcón estimates that well would produce an additional 240 barrels of NGLs per day for a total peak production rate of 730 Boe/d. This well was drilled to depth of 12,411 feet and alateral length of 5,360 feet and was completed with 20 frac stages. Production from the Phillips 1H is currently being placed into a sales pipeline, and Halcón said it expects the well to continue to clean up over time.
The Allam 1H well in Venango County, Pa., is shut-in awaiting infrastructure, and tested at a peak rate of 6.6 million cubic feet of per day of 1,210 BTU natural gas and 22 barrels of condensate per day. Halcón estimates the well would produce an additional 728 barrels of NGLs per day for a total peak production rate of 1,652 Boe/d. This well was drilled to a depth of 14,300 feet and a lateral length of 5,580 feet with 21 frac stages. The Allam 1H was still recovering load water at the end of the flow test and is expected to continue to clean up once it is opened to pipeline sales, the company said.
The Yoder 2H in Mercer County, Pa., is resting and Halcón said it plans to begin testing this well May 30. This well was drilled to a depth of 10,825 feet, had an effective lateral length of 3,810 feet and was completed with 14 frac stages.
The Kibler 1H in Trumbull County also is currently resting, the company said. The Kibler well was drilled to a depth of 14,257 feet and a lateral length of 6,734 feet with 26 frac stages.
Halcón said delineation of its Utica/Point Pleasant acreage position should be “substantially complete by the fourth quarter.” The company adheres to a 60-day resting period on all wells throughout the delineation phase.
SOURCE: Halcón Resources Inc.
Published by The Business Journal, Youngstown, Ohio.
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