During the first quarter of 2014, Halcón Resources (HK) set new company operations records in the Williston Basin for drilling and production.
A major focus for Halcón is on improving efficiencies, particularly those associated with pad drilling. Currently, Halcón is in the process of putting six new wells online in the Fort Berthold area that were drilled from a single pad and spaced 660′ apart. The initial production (IP) rate for one of these wells during the quarter was a record breaking 4,225 boe/d.
The company also recorded its fastest drilling times to date during the first-quarter. A Bakken well in the Fort Berthold area was drilled in 12 days (spud to total depth). Another Three Forks well in the Fort Berthold area was drilled in 17 days (spud to total depth).