Halcón Resources and its subsidiaries today announced that they filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to pursue a prepackaged plan of reorganization in accordance with its previously announced comprehensive balance sheet restructuring efforts with the support of its major stakeholders, including members of an ad [...]
Halcón Resources today announced the Company has entered into a RSA with certain holders of its 6.75% Senior Unsecured Notes due 2025, representing 67.3% of the amount of Unsecured Notes currently outstanding. The agreements entered into under the RSA will result in a comprehensive restructuring of the Company’s balance sheet to be implemented through the commencement of chapter 11 cases. The Restructuring Plan, if [...]
Halcón Resources, Inc. today announced that it was notified by the New York Stock Exchange (“NYSE”) that due to “abnormally low” trading price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual, the NYSE has determined to commence delisting proceedings to delist its common stock and warrants exercisable for common stock. Trading in the Company’s securities was suspended on July 22, 2019. The NYSE will [...]
Halcón Resources, Inc. today announced that its Board of Directors has appointed Richard Little Chief Executive Officer effective June 11, 2019. Mr. Little fills the CEO vacancy created in February. James Christmas will continue to serve as Non-Executive Chairman of the Board of Directors. Mr. Christmas commented, “We are fortunate to have someone of Richard Little’s caliber and experience join us to [...]
Halcón Resources Corporation today disclosed that it received notice from the New York Stock Exchange that the average price of its common stock has fallen below the NYSE’s continued listing standard which requires that the average closing price of a listed company’s common stock not be less than $1.00 per share for a period of 30 consecutive trading days. Under NYSE rules, the Company will regain [...]
Halcón Resources Corporation today announced its first quarter 2019 results and provided an update on recent well results, operations and other matters. Net production for the three months ended March 31, 2019 averaged 17,089 barrels of oil equivalent per day . Production was comprised of 60% oil, 19% natural gas liquids and 21% natural gas for the quarter. Unexpected downtime on 3rd party sour gas takeaway outlets [...]
Halcón Resources Corporation today announced plans to release its first quarter 2019 financial results on Thursday, May 9, 2019 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Friday, May 10, 2019 at 11:00 a.m. ET . Investors may participate in the conference call via telephone by dialing 451-6152 for domestic callers or 389-0879 for [...]
Halcón Resources Corporation today announced that the Company's Board of Directors has appointed Carin Barth to the Board as a Class A director who is expected to stand for re-election at the Company’s 2020 annual meeting. With the addition of Ms. Barth, the Halcón Board has expanded from seven to eight directors, all of whom are independent. In conjunction with today’s actions, the Company also [...]
Halcón Resources Corporation today announced its fourth quarter 2018 results and provided an update on recent well results, operations and other matters. Net production for the three months ended December 31, 2018 averaged 17,196 barrels of oil equivalent per day . Production was comprised of 69% oil, 14% natural gas liquids and 17% natural gas for the quarter. Third party sour gas takeaway constraints in [...]
Halcón Resources Corporation today announced plans to release its fourth quarter 2018 financial results on Tuesday, March 12, 2019 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Wednesday, March 13, 2019 at 11:00 a.m. EST . Investors may participate in the conference call via telephone by dialing 451-6152 for domestic callers or [...]
Floyd Wilson Steps Down from Management Team and Board James Christmas Appointed as Non-Executive Chairman of the Board of Directors $10 Million Estimated Reduction in Annual Overhead Costs as Part of Renewed Focus on Maximizing Shareholder Value Through Operational Improvement Halcón Resources Corporation today announced that Floyd Wilson has resigned from his role as the Company’s Chairman, Chief Executive [...]
One of Largest Shareholders Believes Board Should Appoint Two Independent Directors to Lead M&A Process, Immediately Cut Excessive G&A Sends Open Letter and Presentation to Halcón Board Fir Tree Capital Management LP , manager of certain funds that together have economic exposure to approximately 7.2% of the common stock of Halcón Resources Corporation , today issued an open letter and presentation to the [...]
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