Real-Time Quote
US News
Page 1 of 4 | Next Page
Show Entire Article

Halcon’s Wilson Shares Next Big Energy Move
CNBC.com | February 13, 2012 | 02:18 PM EST

Energy rainmaker Floyd Wilson said Monday that he’s looking to grow Halcon Resources enough for an exit strategy within the next few years.

“We have an aggressive plan in mind, so it’s hard to put down an exact time frame but two, three, four years wouldn’t be a big surprise to me,” the CEO said in an exclusive “Fast Money” interview.

If his track record is any indication, Wilson stands a good chance of hitting his target. Highlights of Wilson’s business ventures include:

  • Sold Hugoton Energy to Chesapeake Energy for $380 million in 1998
  • Sold 3TEC Energy to Plains Exploration & Production for $443 million in 2003
  • Created Petrohawk Energy in 2003 with $60 million
  • Sold Petrohawk to BHP Billiton for $12.1 billion in July 2011
  • Wilson’s outlook on crude oil was that the United States would continue to be an importer and could possibly become an exporter of natural gas.

    --------------------------------------------------------

    NEW SLIDESHOW: Top Fashion Stocks for 2012

    --------------------------------------------------------

    “Some of our success is going to keep weight on the natural gas prices,” he said.

    In the fracking space, Wilson said prices needed to be north of $3 for it to be profitable, but he saw nat gas more as a supply-demand equation.

    Page 1 of 4 | Next Page
    Show Entire Article
    Real-Time Quote
    omniture pixel