UPDATE: Halcon Rebounds 10% on New East Texas Eagle Ford Shale Play, General Update

By MidnightTrader.com Staff,

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Halcon Resources Corp. ( HK ) shares are up 9.2% at $7.01 after shares fell about 12% on Monday with the broader energy market. The company on Monday unveiled a new East Texas Eagle Ford Shale play and provided a general update.

HK said it is fully engaged in the drilling phase of its development and is currently operating 16 rigs on its assets. The company estimates it will add up to three operated drilling rigs to its program by year end 2013.

HK is trading in a 52-week range of $5.26 - $11.24.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: HK

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