floyd said what now?

HK up 10%. Bolding is me, as bullish statements preferred. :-) No specific numbers on Stifflemire or any other well per se.

"The El Halcón in East Texas production growth is almost exponential."

"average IP rates improved over 10%, average 30-day rates improved 15%. We continue to make progress towards identifying the optimal level design"

===> meaning it will get even better....


"It's early stage in a play of this nature. So testing is underway on a number of completion design variations to reduce cost and increase performance. These include increasing stage length while delivering the same amount of proppant per lateral foot via tighter perf cluster spacing, increasing the percentage of resin-coated sand relative to total proppant, using different components within the frac fluid and testing different frac assemblies. Also, several artificial lift modifications are being evaluated as we continue to work to find the most economic formula overall."

===> meaning the EUR going up, the IRR going up, the cash flow going up (costs down) in a constant pricing environment.

Q&A

Neal Dingmann - SunTrust Robinson Humphrey, Inc., Research Division
Okay, and last one if I could, Floyd. It's just obvious on the El Halcón, the results continue to improve there nicely. Your thoughts about how they trend versus the type curve and thoughts about maybe even bringing that type curve up?

Floyd C. Wilson - Chairman and Chief Executive Officer
Well, we try not to move the -- we try not to move around these type curves too often. However, there's a clear trend as you move somewhat down dip for higher IPs and higher 30-day IPs, and these typically translate into faster payouts and higher EUR. So as we get a little bit more seasoning in the south end of the play, we're only about, I don't know, 10% of our wells have been drilled so far, not even 10%. We will consider moving the type curve. We would move the type curve for the play for the sort of the public consumption. It's clear to us. We'll end up with probably 3 kind of regional type curves for our acreage and right now that trend would be dramatically higher towards the south.

===> our JV acres are in the Southern part are they not???


Stephen F. Berman - Canaccord Genuity, Research Division
Floyd, several companies have been in early stage of testing, what you're calling in up in Eagle Ford and different parts of the play, is a possible separate reservoirs. Just wondering if at El Halcón, that might be something you could have there. If not that, then any other formations you might look to go after somewhere down the road?


Floyd C. Wilson - Chairman and Chief Executive Officer
Charles, what don't you take that one?
Charles E. Cusack - Chief Operating Officer and Executive Vice President

We do have an upper session that has pay in it. We think we're frac-ing into it from where we are. And we don't really plan on changing what we're doing. We're in the sweet spot of the zone, and it's repeatable across the entire acreage position. So we're not really interested to go after some hit-or-miss-type objectives. We're going to stay with what's working well.

===> Hooray - no putzing about trying to get the Austin Chalk to deliver anything!!!


Excerpts taken from:
http://seekingalpha.com/article/2203713-halcon-resources-hk-ceo-floyd-wilson-on-q1-2014-results-earnings-call-transcript