happy halcon

Nice article in Seeking Alpha. Extract:-
Halcón Resources: Impressive Downdip Test Results At El Halcón Jun. 4, 2014 6:55 PM ET |
Summary

•Halcón’s downdip wells in the East Texas Eagle Ford are performing admirably, which suggests that the best wells are still ahead.
•The Reveille #1H produced over 40,000 barrels of oil in 42 days, setting a new productivity record in the play.
•The Keystone #1H is another notable test which confirms the excellent quality of Halcón’s acreage in Burleson County.
The following table presents the latest (through April 2014) well performance results for Halcón Resources (HK) in the East Texas Eagle Ford play.

Halcón has continued to expand its delineation frontier further downdip in the direction towards the condensate window. By this time, several downdip wells have accumulated enough production history to say with confidence that the deeper portion of the company's acreage is very promising and likely more productive than the original core located within the black oil window by the Brazos-Robertson county line. The most recent downdip wells - which include the two Palamino wells, Wombat, Reveille and Stifflemire - have performed very strongly and appear to outperform the wells located in the play's original core. Several addition wells - the Snapper #1H & #2H, the Grouper #1H, and Tahoe #1H - have been added recently but do not have sufficient production history.

The Reveille #1H that was turned to sales on March 20, 2014 and tested with an exceptionally strong IP rate of 1,416 Boe/d (93% oil) continues to produce very strongly. The well produced over 40,000 barrels of oil in the first 42 days online (or almost 1,000 bo/d on average) and is outperforming Halcón Stasny-Honza #1 well that had been the company's most prolific Eagle Ford producer. At 230 bo/d, Stasny-Honza is still going strong and has cumulatively produced ~123,000 barrels of oil in the first nine months. The well is on track to produce ~145,000 barrels of oil during the first year which, in my estimate, should be consistent with a 600-750 Mbo EUR.