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HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp

Halcon Resources Corp · Oct 12, 2012 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 1
    Halcn to Acquire Williston Basin Assets October 22, 2012 NYSE: HK
  2. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 2
    Transformative Acquisition Deal Summary Transaction Benefits & Rationale Seller: Petro-Hunt, L.L.C. Improved leverage profile Privately negotiated HK HK Stand-Alone Pro Forma Consideration: 1.45 billion Total Debt / Total…
  3. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 3
    Williston Basin: Low-Risk, Liquids Rich Premier, contiguous acreage positions HKs Williams Multi-year drilling inventory County Project Area Petro-Hunts Located near existing HK operations Marmon Area Adds 42 MMBoe of proved…
  4. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 4
    Premier Asset Profile 81,000 net acres prospective for the Bakken and Three Forks (95% operated) - 42,351 net acres in Fort Berthold area - 38,246 net acres in Marmon area - 94% currently HBP (62/66 operated units) - Remainder of…
  5. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 5
    Pro Forma Proved Reserve Summary The Williston Basin Assets Acquisition Significantly Enhances Halcn's Reserves, Production, Acreage Position and Liquids Weighting (1) HK Pro Forma with Williston Basin Assets MBoe % Liquids PV-10…
  6. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 6
    Sources and Uses/Pro Forma Capitalization Sources and Uses ( in Millions) Sources: Uses: Equity Issued to CPPIB 300 Acquisition Consideration 1,450 Bridge Financing 500 Cash 50 Equity to Seller 750 Estimated Fees & Expenses 50…
  7. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 7
    Bakken/Three Forks Overview Fort Berthold Area (Operated): 40,874 net acres HKs Williams Antelope Area: 10,647 net acres County Project Area Petro-Hunts 2 rigs running Marmon Area 58% W.I. McGregory Buttes Area: 16,572 net acres…
  8. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 8
    Bakken/Three Forks Operated Well Details by Area Antelope McGregory Buttes Marmon Williams County/ Area Area Area E Montana Areas Est. D&C Cost/Well (MM) 10.0 10.0 7.5 7.5 Avg. Net Revenue Interest 82% 82% 84% 80% Gross Bakken EUR…
  9. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 9
    Liquids-Rich Asset Base and Significant Drilling Inventory Undisclosed Exploratory Plays Not Shown Bakken/Three Forks Mississippi Lime Utica/Point Pleasant PF Total Proved Reserves: 115.2 MMBoe Woodbine/Eagle Ford PF %…
  10. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 10
    Building An Oil Company Halcn has assembled a premier acreage position in liquids-rich resource style plays in the U.S (1) Targeted Areas Targeted Net Acres Progress First Spud Woodbine/Eagle Ford 150,000 - 250,000 100% May…
  11. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 11
    HK Ownership (in thousands) Basic Dilutive Securities Fully Diluted Net Diluted (3) Owner Shares Percent Conv. Debt (1) Warrants (2) Options Shares Percent Shares Percent HALRES LLC (4) - - 63,084 36,667 - 99,751 22% 76,706 18%…
  12. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 12
    Appendix NYSE: HK
  13. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 13
    2012 Capital Budget Breakdown By Category D&C By Area SEC Pro Forma SEC Pro Forma Accounting Basis Accounting Basis Basis Basis Leasehold Acquisitions 55% 50% Woodbine/Eagle Ford 24% 20% Drilling & Completions 35% 40% Bakken 13% 23%…
  14. HALCON TO ACQUIRE WILLISTON BASIN ASSETS – Halcon Resources Corp – slide 14
    Contact: Scott Zuehlke, VP - Investor Relations 1000 Louisiana St., Suite 6700, Houston, TX 77002 832-538-0314 szuehlkehalconresources.com www.halconresources.com NYSE: HK

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