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Stock impact report

Halcón Resources Announces Third Quarter 2018 Results and Provides an Operational Update

HALCON RESOURCES (HK) 
Last halcon resources earnings: 5/9 05:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
Record 30 and 60-Day IP Rates on Recent Monument Draw Wells DENVER, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced its third quarter 2018 financial and operating results and also provided an operational update. Net production for the three months ended September 30, 2018 averaged 14,609 barrels of oil equivalent per day (Boe/d), representing a 14% increase from second quarter production of 12,769 Boe/d.  Production for the third quarter was comprised of 73% oil, 14% natural gas liquids (NGLs) and 13% natural gas.  Third quarter production was negatively impacted by excess gas flaring primarily in the Company’s Monument Draw area.  Halcón estimates that without this excess flaring, third quarter average daily production would have exceeded 15,000 Boe/d.  Halcón generated total revenues of $61.6 million for the third quarter of 2018.  The Company reported a net loss available to common stockholders of $(81.8) mil Show less Read more
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