US independent Halcon Resources has exercised an option to acquire more acreage in the eastern part of the Delaware sub-basin of the Permian after success with a recent well it drilled.
The option, which Halcon signed as part of its $750 million entry into the Delaware earlier this year, allows Halcon to acquire an additional 6720 acres in Ward County, Texas, for $11,000 per acre, or about $74 million.
