Halcon Resources (HK) Misses Q1 EPS by 3c
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Halcón Resources Announces First Quarter 2018 Results, Provides an Operational Update and Revised 2018 Guidance
May 2, 2018 5:19 PM EDTHOUSTON, May 02, 2018 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (Halcón or the Company) today announced its first quarter 2018 financial and operating results, provided an operational update and revised 2018 guidance.
Net production for the three months ended March 31, 2018 averaged 10,967 barrels of oil equivalent per day (Boe/d), which was a 75% increase from the fourth quarter of 2017 production level of 6,283 Boe/d. Additionally, the first quarter production rate is more than 100% higher than Halcóns fourth quarter 2017 production rate pro forma for the Williston Non-Op asset sale. Production was comprised of 70% oil, 15%... More
