Mouse Over to Stop Rotation & Read Ad

Tuesday, March 11, 2014

Halcon Answering Questions Arising From Decision to Withdraw From Utica Shale

From Business Journal Daily:
A statement released Wednesday afternoon by Houston-based Halcon Resources Corp. says it's "premature" to comment on viability of the company's proposed $70 million investment to build a transloading terminal  at the Ohio Commerce Park in Lordstown.
Concerns about the project's future arose after Halcon confirmed that it planned to suspend drilling in the Utica shale this year, as it assesses the performance of a handful of wells now producing or will be producing in the play (READ STORY).
"It's premature to comment on the future development of the rail terminal as it's dependent on the overall development of the northern tier, not just by Halcon, but other operators in the area," Halcon said in its sttatement.
Click here to read the whole article.

Connect with us on Facebook and Twitter!

No comments :

Post a Comment

Follow by Email