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Wednesday, November 6, 2013

Halcon Resources Chairman Says Company's Northern Utica Wells Were Sh-...Well, They Weren't Good

Halcon is not happy with
some of its Utica shale wells
From the Tribune Chronicle:
A top official at the Houston-based energy company operating in the Mahoning Valley was frank when questioned Tuesday about the company's plans for natural gas and oil drilling in the Utica Shale.
"We won't drill any more wells near the s--- (poor) ones we drilled already, that's one major initiative," Halcon Chairman and CEO Floyd C. Wilson said during a quarterly conference call for investors and media Tuesday morning.
Hinting at low success rates in northern Trumbull County where the company holds mineral rights on hundreds of acres, Wilson said the company has decided instead to shift its focus to southern Trumbull County and northern Mahoning County.
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