Halcon Resources (HK) Misses Q4 EPS by 2c, Revenues Miss; Board to Engage Advisors to 'Review Financial and Strategic Options'

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Go back to Halcon Resources (HK) Misses Q4 EPS by 2c, Revenues Miss; Board to Engage Advisors to 'Review Financial and Strategic Options'

Halcón Resources Announces Fourth Quarter 2018 Results and Provides an Update on Operations and Other Activities

March 12, 2019 4:15 PM EDT

DENVER, March 12, 2019 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (Halcón or the Company) today announced its fourth quarter 2018 results and provided an update on recent well results, operations and other matters.

Net production for the three months ended December 31, 2018 averaged 17,196 barrels of oil equivalent per day (Boe/d).  Production was comprised of 69% oil, 14% natural gas liquids (NGLs) and 17% natural gas for the quarter.  Third party sour gas takeaway constraints in Halcóns Monument Draw area resulted in significantly lower gas and NGL volumes than expected and... More