Battalion Oil Corp.

Halcón Resources, and certain of its subsidiaries, today announced that they had filed voluntary petitions under chapter 11 of the Bankruptcy Code to pursue a pre‐packaged plan of reorganization in accordance with its previously announced comprehensive balance sheet restructuring efforts (the “Restructuring Plan”). Under the Restructuring Plan, the Company will eliminate approximately $1.8 billion in [...]

HOUSTON, July 22, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today provided an update on its restructuring plans as well as an update on its second quarter earnings timing. Restructuring Update As previously announced, Halcón is pursuing a balance sheet restructuring through an accelerated pre-packaged Chapter 11 bankruptcy [...]

Halcón Resources today announced plans to release its second quarter 2016 financial results on Wednesday, July 27, 2016 after trading closes on the New York Stock Exchange. The Company is not planning to host a conference call to discuss earnings this quarter as the Company is currently engaged in its previously announced restructuring efforts. Halcón will continue to provide public updates on its [...]

Halcón Resources today announced the Company has executed a restructuring support agreement with select holders of its 13.0% 3rd Lien Notes due 2022, its three tranches of senior unsecured notes comprised of its 9.75% Senior Notes due 2020, its 8.875% Senior Notes due 2021, and its 9.25% Senior Notes due 2022 (together, the “Unsecured Notes”), its 8.0% Convertible Note due 2020 (the “Convertible [...]

On May 26, 2016, Halcón received notice from the New York Stock Exchange that the price of its common stock has fallen below the NYSE’s continued listing standard. The NYSE requires the average closing price of a listed company’s common stock not be less than $1.00 per share for a period of 30 consecutive trading days. Under NYSE rules, the Company will regain compliance if, during the six month period [...]

HOUSTON, May 18, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced the Company has reached an agreement in principal on terms of a plan to restructure its balance sheet (the “Restructuring Plan”) with select holders of its 13.0% 3rd Lien Notes due 2022 (“3L Notes”), its three tranches of senior unsecured [...]

HOUSTON, May 09, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced its first quarter 2016 results. Production for the three months ended March 31, 2016 averaged 39,527 barrels of oil equivalent per day (Boe/d). Production was comprised of 77% oil, 11% natural gas liquids (NGLs) and 12% natural gas for the quarter [...]

Houston, April 20, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced plans to release its first quarter 2016 financial results on Monday, May 9, 2016 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Tuesday, May 10, 2016 at 10:00 a.m. EDT (9:00 [...]

Halcón Resources today provided an update on the progress of its ongoing efforts to improve its balance sheet. As previously announced the Company is working with PJT Partners and Weil, Gotshal & Manges LLP to explore opportunities to materially reduce its indebtedness while preserving liquidity. The Company is currently in discussions with certain stakeholders and is negotiating terms of a potential transaction [...]

Houston, TX, March 09, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced that it has retained PJT Partners as financial advisor and Weil, Gotshal & Manges, LLP as legal advisor to assist the Company as it charts a course through this downturn. The Company also today announced that its Board of Directors has appointed John Wat [...]