Halcon Resources to build natural gas facility in Texas

Halcon Resources Corp. is moving from diesel to natural gas, and has commissioned its first natural gas facility.

Independent energy company Halcon Resources Corp. is moving from diesel to natural gas, and has commissioned its first natural gas facility, according to a press release.

The compressed natural gas facility was ordered through Halcon Resource's subsidiary Hawk Clean Fuels. Once built, it will provide fuel for Halcon Resource's operations in the El Halcón area of Texas, which is located in the Brazos, Burleson and Lee Counties. The natural gas will help the energy company move away from using diesel fuel, which it predicts will not only reduce its environmental footprint but also reduce fuel costs by 50 percent.

The transition to natural gas comes at a time when Halcon Resources is moving its focus away from increasing its leases within the El Halcón play and ramping up its development in the area.

El Halcón is one of Halcon Resources' most prolific areas for oil production, according to Market Realist. By the end of June 2014, the company owned 101,000 net acres in the play and produced an average 9,111 barrels of oil per day during the second quarter. As of December 2014, the company had more than 80 wells drilled across its El Halcón leases.

"El Halcón has been a tremendous success for our company, and others in the area, and we are always looking for new ways to lower completed well costs," said Halcon Resources CEO Floyd C. Wilson. "Natural gas fueling is certainly a step in the right direction and can also be applied to our operations in other areas."

According to the press release, Halcon Resources plans to build a similar compressed natural gas facility at its Williston Basin operations next year.

More information on Halcon Resources Corp. can be found at PennEnergy's research area.  

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