Aresco LP announces divestment of nine East Texas Eagle Ford Shale wells

Monday, March 17th, 2014 and is filed under Oil and Gas Current Events, Texas Oil and Gas Investing

FOR IMMEDIATE RELEASE:

Aresco LP, a privately held Dallas-based exploration and production company, announced today the sale of nine B&R Energy well assets to Halcón Resources Corporation. The nine-well package, located in Brazos and Madison Counties, Texas, is part of Halcón’s core Eagle Ford area of operations.

“Coming off our recent alignment with B&R Energy, we are excited to be a part of facilitating the return of capital to our partner base,” said Brandon Laxton, President and CEO of Aresco LP. “As our investors enjoy the opportunity to recycle capital into new projects, we wish Halcón best of luck as they continue their expansion throughout their El Halcón area of interest in East Texas.”