Will Halcon Resources’ Big Bet on the Tuscaloosa Marine Shale Backfire?

Though Halcon Resources NYSE: HK   has done a solid job in growing production from its core plays — the El Halcon in Texas and the Bakken in North Dakota — its near-term share price performance depends heavily on its results in a relatively unknown liquids-rich play called the Tuscaloosa Marine Shale TMS.But given the company’s numerous advantages in the play, including a large, concentrated position, favorable lease terms, operational experience in similar shale plays, and encouraging results from its inaugural TMS well, Halcon has a good chance of potentially game-changing success.

via Will Halcon Resources’ Big Bet on the Tuscaloosa Marine Shale Backfire?.

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