"we WILL hit OIL .. How Much is the Question"I thought this...

"we WILL hit OIL .. How Much is the Question"

I thought this thread was worth re-visiting as punter expectations need to be in the ballpark.

A few stats from AKK and Halcon operations in Burleson County where these wells are/will be located...


-AKK Birch#1 (vertical only) IP rate 95 BOPD...
-AKK Birch#3 (HZ) problematic (Austin chalk) but good oil shows...never completed. Should be a target for Halcon to revisit as its part of the acreage deal.

ENTER HALCON...

Drilled 7 wells...

-(av IP 894 BOPD)
-Peak IP this far (IP 1262 BOPD)

Therefore, IMO if we achieve IPs between 700 and 1000BOPD, over 4 wells, the averages should approximate Halcon's 7-well success rate.

These numbers are REALISTIC EXPECTATIONS based on solid data averaging, and would validate AKK re-rate to material producer