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 [...]
Halcón Resources today announced plans to release its second quarter 2017 financial results on Wednesday, August 2, 2017 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Thursday, August 3, 2017 at 11:00 a.m. EDT (10:00 a.m. CDT). Investors may participate in the conference call via telephone by dialing (877) 810-3368 for domestic [...]
Halcón Resources today announced it has entered into an agreement to sell its operated assets in the Williston Basin to an affiliate of Bruin E&P Partners, a portfolio company of Arclight Capital Partners, for $1.4 billion in cash. The effective date of the transaction is June 1, 2017 and is expected to close within 60 days. The purchase price is subject to certain adjustments for title and environmental defects [...]
Halcón today provided production data on its first operated well in the Delaware Basin and provided an update on other Company activities. Halcón’s CRMWD 79 #1H well on the southern portion of its Ward County acreage was put online in early May of 2017. This well was completed with an effective lateral length of ~5,167 feet targeting the Wolfcamp A interval. The well’s current peak 10 day [...]
Halcón Resources today announced its first quarter 2017 results. Production for the three months averaged 38,478 barrels of oil equivalent per day (Boe/d). Production was comprised of 76% oil, 12% natural gas liquids (NGLs) and 12% natural gas for the quarter. Halcón’s first quarter production includes the impact of its previously announced El Halcón East Texas asset sale which closed on March [...]
Halcón Resources today announced plans to release its first quarter 2017 financial results on Wednesday, May 3, 2017 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Thursday, May 4, 2017 at 11:00 a.m. EST (10:00 a.m. CST). Investors may participate in the conference call via telephone by dialing (877) 810-3368 for domestic callers or [...]
Halcón Resources announced today it closed the divestiture of its El Halcón assets in East Texas for $500 million in cash, subject to certain closing adjustments. The effective date of the divestiture is January 1, 2017. As of December 31, 2016, estimated proved reserves from the El Halcón assets were approximately 35.1 MMBoe, or 24% of Halcón’s estimated year-end 2016 proved reserves [...]
Halcón Resources today announced its fourth quarter and full year 2016 results. Production for the three months and full year ended December 31, 2016 averaged 38,620 barrels of oil equivalent per day (Boe/d) and 37,049 Boe/d, respectively. Production was comprised of 76% oil, 12% natural gas liquids (NGLs) and 12% natural gas for the quarter and for the full year. Halcón’s fourth quarter production was [...]
Halcón Resources announced today that it accepted and has repurchased $289.2 million of its outstanding 8.625% Senior Secured Notes due 2020 through a tender offer, and has $2.1 million aggregate principal amount of the 2020 Notes that remain subject to repurchase pursuant to the guaranteed delivery procedures, and will redeem all remaining outstanding 2020 Notes. The remaining $410.8 million of 2020 Notes will be [...]
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