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Stock Market & Financial Investment News

News Breaks
January 14, 2013
09:13 EDTHKHalcon Resources moving towards selling company, says BMO Capital
After meeting with Halcon's management, BMO Capital believes that the path to the sale of the company is visible, and movement towards a deal is accelerating. The firm maintains an Outperform rating on the stock.
News For HK From The Last 14 Days
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February 25, 2015
16:26 EDTHKHalcon Resources hedge approximately 80% of expected production for 18-24 months
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16:25 EDTHKHalcon Resources sees Q1 production averaging 42–44 MBoe/d
16:24 EDTHKHalcon Resources reports Q4 EPS 5c, consensus 0c
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February 17, 2015
07:46 EDTHKHalcon Resources sees Q4 production 46,000 Boe/d
Halcón Resources reported its 2014 year-end proved reserves, announced preliminary Q4 and FY14 production results and provided additional updates. The Company's estimated proved reserves as of December 31, 2014 were approximately 189.1M barrels of oil equivalent, or MMBoe, representing approximately 60% reserve growth on a pro forma basis. Year-end 2014 estimated proved reserves were 82% oil, 9% natural gas liquids, or NGLs, and 9% natural gas on an equivalent basis. Of total estimated proved reserves, 74% were in the Williston Basin, 22% were in the East Texas Eagle Ford and 4% were in other areas. Year-end 2014 estimated proved reserves were approximately 93% Company-operated and 41% proved developed. The Company expects to report production for the three months and year ended December 31, 2014 of approximately 46,000 barrels of oil equivalent per day, or Boe/d, and 42,000 Boe/d, respectively. On a pro forma basis, Halcón estimates production growth of approximately 37% and 65% for the fourth quarter and FY14 respectively, versus the comparable periods of 2013. Q4 production is estimated to be 81% oil, 9% NGLs and 10% natural gas. FY14 production is estimated to be 83% oil, 7% NGLs and 10% natural gas.

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