HOUSTON, Feb. 06, 2018 -- Halcón Resources Corporation today announced it has recently acquired or entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million. The properties are currently producing ~1,325 boe/d which equates to a purchase price of ~$14,674/acre . The Company also provided an update on recent well results in the Delaware Basin. Acquisition [...]
Houston, TX, Feb. 06, 2018 -- Halcón Resources Corporation , today announced the launch of an underwritten public offering of 8,000,000 shares of its common stock . The Company expects to grant the underwriters an option for 30 days to purchase up to an additional 1,200,000 shares of the Company’s common stock. The Company intends to use the net proceeds from the offering to fund a portion of the purchase [...]
Halcón Resources today announced its third quarter 2017 results, provided an update on recent well results and operations and provided financial guidance for 2018. Production for the three months ended September 30, 2017 averaged 28,859 barrels of oil equivalent per day . Production was comprised of 76% oil, 12% natural gas liquids and 12% natural gas for the quarter. Halcón generated total revenues of $97.0 [...]
Halcón Resources today announced near-term expected production data. Halcón estimates third quarter 2017 production associated with its Delaware Basin assets averaged approximately 4,750 boe/d. The Company expects fourth quarter 2017 production to average 7,500 to 9,500 boe/d. This guidance range accounts for the sale of the Company’s Williston Basin non-operated assets that is expected to close on [...]
Halcón Resources today announced plans to release its third quarter 2017 financial results on Thursday, November 9, 2017 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Friday, November 10, 2017 at 11:00 a.m. EDT. Investors may participate in the conference call via telephone by dialing (877) 810-3368 for domestic callers or (914 [...]
Halcón Resources announced today it completed its previously disclosed tender offer to purchase for cash up to $425 million principal amount of the outstanding $850 million principal amount of its unsecured 6.75% Senior Notes due 2025 at 103% of par plus accrued interest. The Company also announced it completed its previously disclosed redemption of its outstanding 12.0% Second Lien Notes due 2022 (the "12.0 [...]
Halcón Resources today announced it has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approximately $104 million in cash, subject to customary closing conditions and adjustments. The effective date of the transaction is April 1, 2017 and is expected to close within 60 days. These properties currently produce approximately 1,891 Bbl/d of oil [...]
Halcón Resources announced today it closed the sale of its operated Williston Basin assets for $1.4 billion in cash, subject to certain customary closing adjustments. The effective date of the divestiture is June 1, 2017. The Company today also launched a tender offer to purchase for cash up to $425 million principal amount of the outstanding $850 million principal amount of its unsecured 6.75% Senior Notes due [...]
Halcón today provided early production data on its first operated well in the Hackberry Draw Prospect and provided an update on other Company activities. Halcón’s Balbo Adrianna West 1H well on the northern portion of its Hackberry Draw area in Pecos County was put online in late July 2017. This well was completed with an effective lateral length of 9,698 feet targeting the Wolfcamp B interval. The [...]
Halcón issued a statement today regarding Hurricane Harvey. The Halcón family’s thoughts and prayers are with those that have been and continue to be affected by Hurricane Harvey and the devastating flooding in Houston and surrounding communities. The Company is thankful all of its employees are safe. Halcón’s operations were unaffected during the hurricane and continue without [...]
Halcón Resources today announced its second quarter 2017 results. Production for the three months ended June 30, 2017 averaged 36,308 barrels of oil equivalent per day (Boe/d). Production was comprised of 75% oil, 12% natural gas liquids (NGLs) and 13% natural gas for the quarter. Second quarter production was above the Company’s guidance range of 33,000 to 35,000 Boe/d. This outperformance was primarily [...]
Halcón Resources announced today the commencement of a consent solicitation to holders of Halcón’s 6.75% Senior Notes due 2025 (CUSIP Nos. 40537QAN0 and U4057PAJ4) to amend the Indenture, dated as of February 16, 2017, among Halcón, the guarantors party thereto and U.S. Bank National Association, as trustee (the “Trustee”), governing the Notes. The Proposed Amendments are being [...]
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