Halcon Resources (NYSE:HK) 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 (NYSE:ECA) and Goodrich Petroleum (NYSE:GDP).
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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