Current HK Stock Info

Halcon Resources Corporation (ticker: HK) has recently entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million.

The properties are currently producing ~1,325 BOEPD which equates to a purchase price of ~$14,674/acre (after adjusting for production using an estimated value of $35,000 per BOEPD).
West Quito Draw
The largest acquisition is comprised of 10,524 net acres in central and western Ward County in an area Halcon calls West Quito Draw. The company expects the acquisition to cl...

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