I want to learn some more about those who have joined this group So, I'll go first...First…Continue
Started by Keith Mauck (Site Publisher) Nov 7, 2013.
Evening folks... looking for online County survey map showing leases. Found well sites but many are not active. Any new info in Madison County activity?Continue
Started by laurie park Nov 5, 2013.
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Anyone have any info on ETX selling all their wells in Madison, Grimes, and Houston counties to Buffalo Bayou Resources? Leon ????
Called about a shut in well and was told the wells had been sold.
Halcón sold assets that include about 83,000 net acres primarily located in Leon, Madison and Grimes Counties, Texas. The properties produced an average 3,800 barrels of oil equivalent per day (BOE/d) in January. As of Dec. 31, estimated proved reserves were 16.3 MMBOE, 39% of which was proved developed.
The company’s borrowing base will decrease by about $100 million following the sale, Tameron said.
The closing of the sale will essentially conclude Halcón's planned 2014 divestiture program. The company will continue to evaluate all remaining noncore properties for future divestment opportunities.
http://www.oilandgasinvestor.com/Acquisitions-Divestitures/One-Done...
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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