US junior snaps up acreage

By Noah Brenner

 28 June 2012 22:59 GMT

US JUNIOR Halcon Resources has snapped up another 32,000 acres in the Utica Shale play for about $194 million as it looks to ramp up activity in US tight oil basins, writes Noah Brenner.

The company, which is led by former Petrohawk Energy founder Floyd Wilson, expects to contract another four to six rigs as it looks to prove up positions in plays like the Utica, Tuscaloosa Marine Shale, Mississippi Lime, Bakken and Woodbine.

Two of the rigs will go to the Utica, one will head to the east Texas-Louisiana Wilcox liquids play and one will head to the Tuscaloosa, among other plays.

In the Woodbine, an emerging tight oil play in east Texas, Halcon’s latest acquisition package has swelled to more than 20,000 acres and about…

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