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Halcón Sets 2014 Agenda To Sell Non-Core Assets, Lower Spending

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By Darren Barbee, Hart Energy
December 17, 2013

Halcón Resources Corp. (NYSE: HK) aims to deal more of its non-core properties in 2014 and slash its drilling and competitions budget without affecting production.

The company is in the midst of finishing off the 2013 sale of its non-core conventional assets in the Midcontinent, Gulf Coast and Permian, the company said Dec. 16. The company split the divestment into three transactions for total proceeds of about $300 million. Two of the sales have closed and Halcón expects the third to wrap up Dec. 20.

Halcón plans more of the ...

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