The transactions will complement the company’s Cotton Valley, Haynesville and Bossier assets.
The acquisitions include exposure to the Woodford, Meramec and emerging Goddard/Springer Shale.
Denver-based Hinto will retain a 75% non-operated interest in this initial well and any future wells developed on this property.
The GCW No. 1H well is the first of a multi-well drilling program planned for more than 3,500 acres the company has under lease in the revitalized Buda Limestone formation.
Frank McCorkle and his team saw potential in Fort Trinidad Field.
Halcon plans to spud 10 to 12 operated wells in the TMS running an average of two rigs in 2014.
Collaboration between Chesapeake and Encana Oil & Gas USA may have caused lease prices to plummet from $1,510 an acre at the May auction to less than $40 an acre at an auction conducted five months later.
The agreement includes joint development of approximately 10,000 acres of the Kreyenhagen Formation in the San Joaquin Valley with partners including Occidental Petroleum.
The company has in excess of 300,000 net acres in the play with two rigs currently running.
Southwestern Energy might have cracked the profitability code with its eighth Lower Smackover well.