Halcon Resources announces successful Woodbine completion

9/5/2012

Halcon Resources announces successful Woodbine completion

HOUSTON -- Halcon Resources Corp. announced the successful completion of the AM Easterling-Gresham A 1H in Leon County, Texas.

The AM Easterling-Gresham A 1H (92% working interest) was completed in the Woodbine formation and had an initial gross production rate of approximately 942 boepd, or 919 bbl of oil and 139 mcf of natural gas, on a 32/64 choke. Average daily production from the well over its first seven days was approximately 831 boepd (97% oil). The well was drilled to a total measured depth of 14,265 ft, including a 6,730-ft lateral, and was completed with 24 stages.

The company is currently running three operated rigs in its Woodbine/Eagle Ford play in East Texas and expects to add two additional operated rigs by mid-September.

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