Halcón Resources enters Delaware basin with purchase of Pecos and Ward County assets

Halcón Resources Corporation, today announced it has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin (the Pecos County assets) for $705 million with a Nov. 1, 2016 effective date, in addition to entering into an option agreement to purchase an additional 15,040 net acres in Ward County, Texas, from a private operator for $11,000/acre (the Ward County Option). More »