Houston, TX, Feb. 08, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today provided an update on its balance sheet initiatives. As previously indicated, Halcón continues to proactively explore multiple options to strengthen its balance sheet. Over the course of 2015 the Company reduced its net debt by approximately $1 billion [...]
Houston, TX, Feb. 02, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced plans to release its fourth quarter and full year 2015 financial results on Thursday, February 25, 2016 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Friday, February 26 [...]
HOUSTON, TEXAS, Jan. 28, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced that its Board of Directors has suspended the payment of regular quarterly dividends on shares of its 5.75% Series A Cumulative Perpetual Convertible Preferred Stock. This action will preserve liquidity and minimize dilution during this period of [...]
Houston, TX, Jan. 20, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) announced today that it will host a conference call on Thursday, January 21, 2016 at 10:30 a.m. EST (9:30 a.m. CST) to provide investors with a general business update including a discussion of Halcón’s preliminary 2016 capital plans. The Company has also [...]
HOUSTON, Dec. 18, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced the expiration and final results of its previously announced exchange offer to certain eligible holders of its outstanding unsecured debt securities listed in the table below (the “Existing Notes”) for up to $150 million of a new issue of 12.0 [...]
HOUSTON, TEXAS, Dec. 18, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced its preliminary 2016 outlook. Despite being significantly hedged in 2016 at an average price of $80.59 per barrel of oil and currently having approximately $800 million of liquidity, the Company expects to take a more tempered approach to 2016 than [...]
Halcón Resources today announced a one-for-five (1:5) reverse split of its issued and outstanding common stock. The one-for-five reverse stock split will be effective after the market closes on January 4, 2016 and Halcón’s common stock will begin trading on a split-adjusted basis when the market opens on January 5, 2016. The Company’s stockholders granted authority to the Board of Directors, in [...]
HOUSTON, Dec. 04, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced the early tender results for its previously announced exchange offer to certain eligible holders of its outstanding unsecured debt securities listed in the table below (the “Existing Notes”) for up to $150 million of a new issue of 12.0% Second Lien [...]
Halcón Resources today announced the commencement of an exchange offer to certain eligible holders of its outstanding unsecured debt securities listed in the table below (the “Existing Notes”) for up to $150 million of a new issue of 12.0% Second Lien Senior Secured Notes due 2022 (the “New Notes”). The following table sets forth information regarding the Existing Notes for which New Notes [...]
HOUSTON, Nov. 05, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced its third quarter 2015 results. The Company generated revenues of $129.9 million for the three months ended September 30, 2015. In addition, Halcón realized a net gain on settled derivative contracts of $114.9 million during the quarter. The Company [...]
HOUSTON, TEXAS, Nov. 02, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced that its Board of Directors declared a quarterly dividend on shares of its 5.75% Series A Cumulative Perpetual Convertible Preferred Stock equal to accrued dividends for the three months ending November 30, 2015. Halcón will pay the dividend on [...]
HOUSTON, TEXAS, Oct. 29, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced that the borrowing base under its senior secured revolving credit facility remained unchanged at $850 million following its lenders’ semi-annual redetermination process. The next borrowing base redetermination is scheduled for the spring of 2016 [...]