Operator · Eaglebine/Woodbine, Tuscaloosa Marine Shale (TMS) & Utica Shale
Battalion Oil Corp.
80 articles mentioning Battalion Oil Corp. · Page 2 of 4
Halcon Changes Name to Battalion Oil Corp.
Halcón Resources Corp. has changed its company name to Battalion Oil Corporation. The new name reflects the Company's new team, new culture, and new strategy. Richard Little, the Company's Chief Executive Officer commented, "I am excited...
Halcon Talks Q3, Bankruptcy Emergence
Halcón Resources Corp. reported its Q3 2019 results. Average daily net production for the quarter ended September 30, 2019 was 16,489 Boe/d, of which 57% was oil. The Company earned $50.8 million of total revenue for...
Halcon Emerges from Bankruptcy; Taps Former Ajax Exec as New COO
Halcón Resources Corp. has emerged from bankruptcy under Chapter 11 of the US Bankruptcy Code. The Company eliminated more than $750 million in debt and more than $40 million of annual interest expense, significantly enriching its...
Halcon Gives Q2 Update Amidst Restructuring
Halcón Resources Corp. announced its second quarter 2019 results and provided an update on operations and other matters. Production Net production for the three months ended June 30, 2019 averaged 18,055 barrels of oil equivalent per...
Permian E&P Files Chapter 11 Bankruptcy
In a not-so-surprising move, Permian pure player Halcon Resources has filed chapter 11 bankruptcy with certain holders of its 6.75% Senior Unsecured Notes due 2025. This is not surpising at all. Here is a walk down...
Halcon Delisted from NYSE; Stock to Trade on Pink Sheets
Halcón Resources reported that its stock is being delisted from the NYSE due to "abnormally low" trading price levels. Trading in the Company's securities was suspended on July 22, 2019. Halcon anticipates that effective July 23,...
Former Ajax Resources CEO Takes Helm of Halcon
Halcón Resources Inc. has appointed Richard Little Chief Executive Officer effective June 11, 2019. Mr. Little fills the CEO vacancy created in February. James Christmas will continue to serve as Non-Executive Chairman of the Board of...
Halcon's Drilling, Spending, Rigs All Down YOY in Q1; May Drop Another Rig
Halcón Resources Corp. reported its Q1 2019 results. Here are the highlights from its report and presentation. Q1 Summary Halcon's activity was pretty much down across the board for Q1 as the company is currently trying...
Halcon Out of NYSE Compliance as Stock Dips Below $1.00
Halcón Resources Corp. has received notice from the NYSE that its average price of its common stock has fallen below the NYSE's continued listing standard. The NYSE requires that the average closing price of a listed...
Halcon Adds New Director to Board as Part of Fir Tree Settlement
Halcón Resources Corp. has appointed Carin Barth to the Board as a Class A director who is expected to stand for re-election at the Company's 2020 annual meeting. With the addition of Ms. Barth, the Halcón...
Halcon Eyes ~50% Production Growth Despite 47% Capex Cut; G&A Spending Down by $10MM
Halcon Resources has reported its 2019 capital plan. Despite a 48% decrease in planned spending, Halcon expects production to grow +47% YOY. Particularly, its NGL output is slated to grow +140% YOY. The company plan to...
CEO Floyd Wilson Out At Halcon
Halcón Resources President/CEO Floyd Wilson has resigned from his role to pursue other interests. Additionally, Mark Mize (CFO) and Steve Herod (VP of Corporate Development) are also departing the company. This is just the latest management...
Permian Basin Take Over Targets
This is our third itteration of provding you with a list of take over targets. We will be focused on the Permian Basin as we believe it will be the basin of focus for M&A in...
Halcon Axes Three Rig Plan for 2019; Cuts Fleet Down to Two
In a recent release, Halcon Resources CEO Floyd C. Wilson revealed that the company is planning to drop down to two rigs for 2019. The company had initially planned to run three rigs into 2019. Wilson...
Halcon Touts Latest Monument Draw Results; Will Maintain Three Rigs into 2019
Halcón Resources reported its Q3 2018 results. Production up +14% from 2Q18; To Maintain Three Rigs into 2019 - Q3 production of 14.6 MBOEPD (73% oil) - up +14% from 2Q18 and Third quarter production was...
Fir Tree Capital Encourages Halcon to Sell Assets; Buy Back Stock
Fir Tree Capital Management, manager of certain funds with economic exposure to approximately 7.2% of the common stock of Halcón Resource, issued an open letter and presentation to the Board of Directors of Halcón complimenting the...
Halcon Mulling Sale of Field Services Assets; Talks Recent Well IPs
Halcon Resources reported its Q2 2018 results. Potential Sale of Halcón Field Services Halcón has engaged Scotiabank and BMO Capital Markets as its financial advisors for a potential partial or full sale of its Halcón Field...
Halcon Signs Permian Transport Agreement; Selling Services Business
Long-Term Oil and Gas Takeaway Agreements Halcón recently signed a 15-year agreement with an affiliate of Salt Creek Midstream, LLC ("SCM") that provides a comprehensive takeaway solution for the Company's oil production in Monument Draw and...
Halcon Chops Drilling Program; Cites Weak Midland Oil Price
Halcon Resources has decided to cut its rig fleet in the Permian / Midland Basin due to lower prices.
Halcon's Output Jumps +75%; Adding Fourth Rig
Halcon reported its Q1 2018 results. Corporate Highlights: Q1 2018 production of 10,967 BOEPD (up +75% from 4Q17 and down -71% YOY) current production : 13,500 Boe/d net 2Q 2018 Forecast : The Company expects second...