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Halcón Resources Corporation
HK today provided an operational update.
The recently closed acquisitions of GeoResources, Inc. and assets in East
Texas ("East Texas Assets") were structured to bolster the
Company's production profile and reserve base while providing additional
growth opportunities in liquids-rich regions.
Halcón continues to transition from the leasehold acquisition phase of its
development into the drilling phase with 11 operated drilling rigs currently
running on resource style assets. The Company estimates that it will add four
to six operated drilling rigs to its resource style drilling program by year
end 2012. Halcón Field Services LLC, a midstream subsidiary of Halcón,
continues to work on infrastructure construction and solutions in all areas of
activity.
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