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 [...]
Halcón Resources today announced that, subject to market conditions, it intends to offer $700 million in aggregate principal amount of senior unsecured notes due 2025. Halcón intends to use the net proceeds from the offering, together with additional borrowings under its senior secured revolving credit facility or cash on hand, to repurchase and/or redeem the Company’s $700 million of currently [...]
Halcón Resources today announced plans to release its fourth quarter 2016 financial results on Tuesday, February 28, 2017 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Wednesday, March 1, 2017 at 9:00 a.m. EST (8:00 a.m. CST). Investors may participate in the conference call via telephone by dialing (877) 810-3368 for domestic [...]
Halcón Resources today announced it has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin for $705 million with a November 1, 2016 effective date, in addition to entering into an option agreement to purchase an additional 15,040 net acres in Ward County, Texas from a private operator for $11,000/acre. Finally, Halcón also announced [...]
Halcón Resources today announced that it has entered into definitive agreements with institutional investors to sell, in a private offering, approximately 5,518 shares of automatically convertible preferred stock, each share of which will be convertible into 10,000 shares of its common stock, for anticipated gross proceeds of approximately $400 million, or $7.25 per common share. The private placement is contingent and [...]
Halcón Resources today announced its plans to recommence drilling in its El Halcón area of the East Texas Eagle Ford in early 2017. The Company also provided an update on fourth quarter 2016 production in addition to preliminary production and capex guidance for 2017.
Halcón Resources today announced its third quarter 2016 results. Production for the three months ended September 30, 2016 averaged 34,185 barrels of oil equivalent per day (Boe/d). Production was comprised of 76% oil, 13% natural gas liquids (NGLs) and 11% natural gas for the quarter. The Company shut-in approximately 7,000 Boe/d of net production during the third quarter due to low commodity prices. This production was [...]
Halcón Resources today announced plans to release its third quarter 2016 financial results on Wednesday, November 9, 2016 after trading closes on the New York Stock Exchange. The Company has also scheduled a conference call to discuss the release for Thursday, November 10, 2016 at 10:00 a.m. EST (9:00 a.m. CST). Investors may participate in the conference call via telephone by dialing (877) 810-3368 for domestic [...]
Halcón Resources, today announced it has completed its financial restructuring and has emerged from its pre-packaged chapter 11 bankruptcy cases. All of the conditions under its Plan of Reorganization, which was confirmed by the US Bankruptcy Court for the District of Delaware on September 8, 2016, have been satisfied or otherwise waived in accordance with the terms of the Restructuring Plan. Approximately $1.8 [...]
