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.
Three energy companies that the IRS gives you a "free pass" for owning
You already know record oil and natural production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.
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.