Battalion Oil Corp.

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 [...]

On August 12, 2016, Halcón Resources received notice from the New York Stock Exchange that the Company’s market capitalization had fallen below the NYSE’s continued listing standard. Halcón is considered below criteria established by the NYSE because the Company’s average market capitalization has been less than $50 million over a consecutive 30 trading-day period and its last reported [...]

Halcón Resources today announced its second quarter 2016 results. Production for the three months ended June 30, 2016 averaged 35,879 barrels of oil equivalent per day (Boe/d). Production was comprised of 77% oil, 11% natural gas liquids (NGLs) and 12% natural gas for the quarter. The Company shut-in approximately 5,000 Boe/d of net production during the second quarter due to low commodity prices. Halcón [...]

Halcón Resources, and certain of its subsidiaries, today announced that they had filed voluntary petitions under chapter 11 of the Bankruptcy Code to pursue a pre‐packaged plan of reorganization in accordance with its previously announced comprehensive balance sheet restructuring efforts (the “Restructuring Plan”). Under the Restructuring Plan, the Company will eliminate approximately $1.8 billion in [...]

HOUSTON, July 22, 2016 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today provided an update on its restructuring plans as well as an update on its second quarter earnings timing. Restructuring Update As previously announced, Halcón is pursuing a balance sheet restructuring through an accelerated pre-packaged Chapter 11 bankruptcy [...]