halcon resources corp (HK:New York)
halcon resources corp (HK) Snapshot
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Open
$5.62
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Previous Close
$5.52
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Day High
$5.63
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Day Low
$5.41
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52 Week High
06/21/12 - $11.10
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52 Week Low
11/12/12 - $5.26
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Market Cap
2.0B
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Average Volume 10 Days
6.0M
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EPS TTM
$-0.70
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Shares Outstanding
369.7M
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EX-Date
--
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P/E TM
--
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Dividend
--
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Dividend Yield
--
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halcon resources corp (HK) Latest News
halcon resources corp (HK) Related Businessweek News
halcon resources corp (HK) Details
Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company’s principal resource plays include the Bakken/Three Forks Formations with an area of approximately 128,000 net acres located in North Dakota and Montana; Woodbine/Eagle Ford Formations consisting of 198,000 net acres leased or under contract primarily in Leon, Madison, Grimes, Brazos, and Polk Counties, Texas; and Utica/Point Pleasant Formations comprising an area of 125,000 net acres leased or under contract in Trumbull and Mahoning Counties, Ohio, Mercer, and Venango and Crawford Counties, Pennsylvania. As of December 31, 2012, it had estimated proved reserves of approximately 108.8 million barrels of oil equivalent comprised of 87.4 million barrels of oil; 5.4 million barrels of natural gas liquids; and 96.1 billion cubic feet of natural gas. The company was formerly known as RAM Energy Resources, Inc. and changed its name to Halcón Resources Corporation in February 2012. Halcón Resources Corporation is headquartered in Houston, Texas.
Last Reported Date: 02/28/13
halcon resources corp (HK) Top Compensated Officers
halcon resources corp (HK) Key Developments
Halcón Resources Corporation provided an operational update specific to its acreage in Northeast Ohio and Northwest Pennsylvania, the Company's core area in the Utica/Point Pleasant play. The Phillips 1H (90% WI), located in Mercer County, Pennsylvania, tested at a peak rate of 120 barrels of condensate per day and 2.5 million cubic feet of per day of 1,250 BTU natural gas. Based on composition analysis and assuming full ethane recovery, Halcón estimates that the well would produce an additional 240 barrels of NGLs per day for a total peak production rate of 730 Boe/d. This well was drilled to a total measured depth of 12,411 feet, had an effective lateral length of 5,360 feet and was completed with 20 frac stages. Production from the Phillips 1H is currently being placed into a sales pipeline, and the Company expects the well to continue to clean up over time. The Allam 1H (100% WI), located in Venango County, Pennsylvania, is currently shut-in awaiting infrastructure, and tested at a peak rate of 6.6 million cubic feet of per day of 1,210 BTU natural gas and 22 barrels of condensate per day. Based on composition analysis and assuming full ethane recovery, Halcón estimates that the well would produce an additional 728 barrels of NGLs per day for a total peak production rate of 1,652 Boe/d. This well was drilled to a total measured depth of 14,300 feet, had an effective lateral length of 5,580 feet and was completed with 21 frac stages. The Allam 1H was still recovering load water at the end of the flow test and is expected to continue to clean up once it is opened to pipeline sales. The Brugler 1H (90% WI), located in Trumbull County, Ohio, started flowing the frac load back on May 13, 2013. Expectations are to tie this well into a sales pipeline in early July 2013. This well was drilled to a total measured depth of 10,959 feet, had an effective lateral length of 3,826 feet and was completed with 16 frac stages. The Yoder 2H (90% WI), located in Mercer County, Pennsylvania, is currently resting and the Company plans to begin testing this well on May 30, 2013. This well was drilled to a total measured depth of 10,825 feet, had an effective lateral length of 3,810 feet and was completed with 14 frac stages. The Kibler 1H (100% WI), located in Trumbull County, Ohio, is currently resting. This well was drilled to a total measured depth of 14,257 feet, had an effective lateral length of 6,734 feet and was completed with 26 frac stages. Halcón continues to delineate its Utica/Point Pleasant acreage position and expects the process to be substantially complete by the fourth quarter of 2013. The Company plans to adhere to a 60 day resting period on all wells throughout the delineation phase. The focus remains on building an inventory of approved/permitted multi-well pads in preparation for a full scale development program. There are currently three Utica/Point Pleasant wells producing/testing, three wells resting, one well being completed and one well being drilled.
Halcón Resources Corporation at its AGM held on May 23, 2013 approved an amendment to the company's Certificate of Incorporation to provide that, with certain exceptions, the Court of Chancery of the State of Delaware be the exclusive forum for certain legal actions.
Halcón Resources Corporation Presents at Barclay's High Yield Bond and Syndicated Loan Conference, May-21-2013 08:10 AM. Venue: JW Marriott Chicago, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Mark J. Mize, Chief Financial Officer, Executive Vice President and Treasurer.
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Industry Analysis
HK
Industry Average
| Valuation | HK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.7x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 13.6x |
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| TEV/Sales | NM | Not Meaningful |
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To contact HALCON RESOURCES CORP, please visit www.halconresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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