Dallas, TX (PRWEB) March 19, 2014
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.”
About Aresco LP
Aresco LP is a privately held exploration and production company actively engaged in developmental drilling, mineral leasing, and production acquisitions in conventional and unconventional oil plays throughout Texas. We specialize in production-driven projects designed to provide income stability and strong growth potential. Our asset portfolio provides a strong balance of ownership positions in rapidly developing shale formations and development projects in proven oilfields with decades of active drilling and production. To learn more about our company, please visit http://www.arescotx.com.