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Halcon Resources Corp (HK.N)

HK.N on New York Stock Exchange

6.34USD
21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Franklin Resources reports 19.9 pct stake in Halcon Resources - SEC filing‍​
Wednesday, 20 Sep 2017 03:17pm EDT 

Sept 20 (Reuters) - Franklin Resources Inc ::Franklin Resources Inc reports 19.9 percent stake in Halcon Resources Corp as of September 15, 2017 - SEC filing‍​.Franklin Resources Inc earlier reported 21.2 percent stake in Halcon Resources Corp as August 23, 2017 - SEC filing‍​.  Full Article

Halcón Resources to sell its non-operated Williston basin assets
Wednesday, 20 Sep 2017 07:00am EDT 

Sept 20 (Reuters) - Halcon Resources Corp :Halcón Resources announces the sale of its non-operated Williston basin assets for ~$110 million.Halcon Resources Corp - deal for ‍approximately $104 million in cash​.Halcon - ‍properties involved in deal currently produce approximately 1,891 bbl/d of oil, 1,931 mcf/d of gas and 65 bbl/d of natural gas liquids​.Halcon Resources-borrowing base on Halcón's senior secured revolving credit facility will be reduced to $100 million on closing of non-operated asset sale.  Full Article

Halcón Resources announces closing of operated Williston basin assets sale for $1.4 bln
Thursday, 7 Sep 2017 05:19pm EDT 

Sept 8 (Reuters) - Halcon Resources Corp :Halcón Resources announces closing of operated Williston basin assets sale for $1.4 billion, launch of tender offer for up to 50% of its 6.75% senior notes due 2025 and other items.Halcon Resources Corp - ‍Entered into an amended and restated senior secured revolving credit agreement today with a $140 million borrowing base​.Halcon Resources - Tender offer to purchase for cash up to $425 million amount of outstanding $850 million principal amount of unsecured 6.75% senior notes due 2025​.Halcon Resources Corp - Has also issued an irrevocable notice to redeem on October 7, 2017 all of its outstanding 12.0% second lien notes due 2022.Halcon Resources Corp - ‍Tender offer will expire on October 6, 2017​.  Full Article

Halcón Resources says revised its Q4 2017 production guidance range to 8,000-12,000 boe/d​
Wednesday, 6 Sep 2017 07:30am EDT 

Sept 6 (Reuters) - Halcon Resources Corp ::Halcón Resources announces production results on its first operated well in the hackberry draw prospect and provides an update on other activities.Halcon Resources Corp says Halcón has revised its q4 2017 production guidance range to 8,000 to 12,000 boe/d​ ‍as result of delayed completion schedule.Halcon Resources Corp says ‍changed FRAC providers which has caused some delays on its remaining 2017 completion schedule​.  Full Article

Halcón Resources issues statement regarding Hurricane Harvey
Thursday, 31 Aug 2017 09:00am EDT 

Aug 31 (Reuters) - Halcon Resources Corp :Halcón Resources issues statement regarding Hurricane Harvey.Halcon Resources Corp - ‍Halcón's operations were unaffected during hurricane and continue without interruption​.  Full Article

Halcon Resources Q2 loss per share $0.19
Wednesday, 2 Aug 2017 04:30pm EDT 

Aug 2 (Reuters) - Halcon Resources Corp ::Halcón Resources announces second quarter 2017 results.Q2 adjusted earnings per share $0.00.Q2 loss per share $0.19.Q2 revenue $120.1 million versus I/B/E/S view $123.4 million.Q2 earnings per share view $0.03 -- Thomson Reuters I/B/E/S.Halcon Resources Corp - ‍projects its q4 2017 production to be between 11,000 to 14,000 boe/d (76 pct oil, 12 pct ngl and 12 pct gas)​.Halcon Resources - ‍ projects its full year 2017 production to be 28,000 to 30,000 boe/d (76 pct oil, 12 pct ngl and 12 pct gas)​.Halcon Resources - ‍still expects full year d&c capex to be approximately $300 million​.  Full Article

Halcón Resources CEO sees production at 15,000 bpd by year's end
Tuesday, 11 Jul 2017 11:34am EDT 

July 11 (Reuters) - Halcón Resources Corp :Halcón Resources Chief Executive Floyd Wilson says 'leverage will remain low for years' after North Dakota asset sale.Halcón Resources CEO says company output 'probably' will hit 15,000 bpd by year's end.Halcón Resources CEO says plans to run 3-4 drilling rigs next year, could 'easily' double that.Halcón Resources CEO says won't run 4 rigs next year if oil prices 'stay down'.Halcón Resources CEO says will have more cash on balance sheet than debt after North Dakota deal closes.Halcón Resources CEO says under no pressure to sell non-operated position in Williston Basin.Halcón Resources CEO says oil hedges are staying with Halcón after North Dakota deal.CEO says G&A expenses should fall 15 percent to 20 percent after North Dakota deal closes.CEO says tax obligations from North Dakota deal will be 'minimal' at roughly $20 million.CEO says has one dedicated frack fleet in Permian.Halcón Resources CEO says did not discuss full sale with Bruin E&P Partners: 'The entire company was not for sale'.  Full Article

Halcon Resources to pay $42 mln if deal terminated
Tuesday, 11 Jul 2017 09:31am EDT 

July 11 (Reuters) - Halcon Resources Corp ::Halcon Resources-if co terminate deal under certain conditions, co to pay Bruin Williston 3 percent of purchase price as liquidated damages, or $42 million.  Full Article

Halcon Resources says to sell its operated Williston Basin Assets for $1.4 Billion
Tuesday, 11 Jul 2017 07:30am EDT 

July 11 (Reuters) - Halcon Resources Corp : :Press release - Halcón Resources announces the sale of its operated Williston Basin assets for $1.4 billion.Plans to continue to run 2 rigs in Delaware basin for remainder of 2017.Will retain its non-operated Williston Basin assets; though it may monetize those assets in future.‍Currently expects to exit 2017 with production in excess of 13,000 boe/d, net.Current production associated with assets being sold is approximately 29,000 boe/d, net​​​.‍Will use a portion of asset sale proceeds to make an offer to purchase up to 50.0 pct of its 6.75% notes at 103% of par upon closing.To sell operated assets in Williston Basin to an affiliate of Bruin E&P Partners, a portfolio co of Arclight Capital Partners​.Will also use a portion of asset sale proceeds to redeem all outstanding 12.0% second lien notes due 2022​.  Full Article

Halcón Resources announces Q1 revenue $135.6 mln
Wednesday, 3 May 2017 04:15pm EDT 

May 3 (Reuters) - Halcon Resources Corp :Halcón Resources announces first quarter 2017 results.Q1 revenue $135.6 million versus i/b/e/s view $134.2 million.Q1 adjusted earnings per share $0.06.Q1 earnings per share $1.69.Q1 earnings per share view $0.03 -- Thomson Reuters I/B/E/S.Production for three months averaged 38,478 barrels of oil equivalent per day (boe/d).Halcon Resources Corp - sees q2 production to be between 33,000 and 35,000 boe/d and its full year 2017 production to be 38,000 to 40,000 boe/d..  Full Article

BRIEF-Franklin Resources reports 19.9 pct stake in Halcon Resources - SEC filing‍​

* Franklin Resources Inc reports 19.9 percent stake in Halcon Resources Corp as of September 15, 2017 - SEC filing‍​