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Halcon Resources Corp (HK.N)

HK.N on New York Stock Exchange

6.94USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Halcón resources announces third quarter 2017 results
Thursday, 9 Nov 2017 04:15pm EST 

Nov 9 (Reuters) - Halcon Resources Corp :Halcón resources announces third quarter 2017 results, provides an operational update and 2018 guidance.Q3 revenue $97 million versus i/b/e/s view $101.9 million.Q3 adjusted loss per share $0.06.Q3 earnings per share $2.82.Q3 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.Halcon Resources Corp - sees ‍full year 2018 total production 15,000 boe/d - 19,000 boe/d​.  Full Article

Halcón Resources announces preliminary Q3 delaware basin production
Wednesday, 18 Oct 2017 07:30am EDT 

Oct 18 (Reuters) - Halcon Resources Corp ::Halcón Resources announces preliminary third quarter 2017 delaware basin production and updated fourth quarter 2017 production guidance.Halcon Resources Corp - ‍estimates Q3 2017 production associated with its delaware basin assets averaged approximately 4,750 boe/d​.Halcon Resources Corp - ‍expects Q4 2017 production to average 7,500 to 9,500 boe/d​.Halcon Resources Corp - ‍production generated from delaware basin assets alone is expected to average 6,500 to 7,500 boe/d for Q4​.Halcon Resources Corp - ‍has two wells currently flowing back after completion in its hackberry draw area in Pecos County​.Halcon Resources - ‍expects to put an additional four to six wells online before December 31, 2017, in both its hackberry draw and monument draw areas​.Halcon Resources Corp - ‍expect to become cash flow positive in a couple of years running three or four rigs​.Halcon Resources - ‍expect to generate pro forma production growth of 2.5X to 3.0X for both full year and Q4 of 2018 versus. Same periods in 2017​.Halcon Resources - ‍pro forma liquidity of over $750 million at June 30 provides with capital to fund growth without need to access debt/equity markets​.  Full Article

Halcón Resources announces results of its tender offer
Tuesday, 10 Oct 2017 07:30am EDT 

Oct 10 (Reuters) - Halcon Resources Corp :Halcón Resources announces results of its tender offer to purchase up to 50 percent of its 6.75 percent senior notes due 2025 and the redemption of its 12 percent second lien notes due 2022.Halcón Resources Corp - ‍company fully redeemed its 12 percent notes on October 7, 2017​.  Full Article

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

BRIEF-Halcón resources announces third quarter 2017 results

* Halcón resources announces third quarter 2017 results, provides an operational update and 2018 guidance