Battalion Oil Corp.

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 [...]

Halcón Resources announced today the results of its previously announced cash tender offer for any and all of its outstanding $700 million in aggregate principal amount of 8.625% Senior Secured Notes due 2020, which expired at 5:00 p.m., New York City time, on February 15, 2017. Pursuant to the tender offer, Halcón has received $289.2 million or approximately 41% of the outstanding aggregate principal amount of the [...]

Halcón Resources today announced that it has priced $850 million in aggregate principal amount of senior unsecured notes due 2025 in a private offering. The Notes will bear interest at a rate of 6.75% per annum and will be issued at par. The Notes offering was increased from the previously announced $700 million aggregate principal amount. Halcón intends to use the net proceeds from the offering to [...]

Halcón Resources announced today that it has commenced a cash tender offer for any and all of its outstanding $700 million 8.625% Senior Secured Notes due 2020. The tender offer is being made on the terms and subject to the conditions set forth in the offer to purchase dated February 9, 2017 and the related letter of transmittal and notice of guaranteed delivery (together, the “Offer Documents”). The [...]