Halcón Resources Corp. (NYSE: HK) was apparently unable to sit still in the month after it agreed to buy 21,000 net Southern Delaware Basin acres for $705 million.
On Feb. 28, the company closed its acquisition of Samson Exploration LLC’s Pecos County, Texas, acreage and in the interim agreed to buy additional interests from a nonoperating owner in the acreage for $22.3 million.
The “incremental acquisition” includes 594 additional net acres and average production of about 160 barrels of oil equivalent per day (boe/d). The deal is expected to close in early March.
In a sign of the swiftness with which Halcón is moving, Floyd Wilson, Halcón’s chairman, CEO and president, said on a March 1 earnings call that its Pecos acquisition closed “yesterday, we’re making locations today and we’re moving two rigs in next Wednesday. Who does that?”