What Can Halcon Resources Investors Expect From Its New Core Asset?
Halcon Resources hasn't been able to find that coveted third productive shale formation it has wanted for the past few years. After weak results in places like the Woodbine formation and the Uinta Basin, it is tryintg its hand in one more place, the Tuscaloosa Marine Shale. While the company has not issued much data on this new position, investors can get a peek at what to expect by taking a look at two other players in the region: Encana and Goodrich Petroleum .
With acreage positions that have lots of overlap and some preliminary data from these two companies, we can get a rough idea of what kind of production and returns Halcon can realistically achieve in the next couple years. Find out more about the economics of this new position for Halcon by tuning into the video below.
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The article What Can Halcon Resources Investors Expect From Its New Core Asset? originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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