Halcon Resources Corp (NYSE:HK) Continues To Move Up

Posted by Ryan Mandell October 7, 2013 0 Comment 1609 views


In September, Halcon Resources Corp (NYSE:HK) announced that it has now signed 3 different purchase agreements. These agreements cover assets that are located right across the United States. It said that it plans on selling $302 of the company’s holdings. No specific information about the location of these assets has been forthcoming from the company but Halcon Resources Corp (NYSE:HK) expects these transactions to close by 2013-end.

Friday’s trading session

In Friday’s trading, Halcon Resources Corp (NYSE:HK) rose by 8.30%. The opening price of the shares was $4.58, which climbed to an intraday high of $4.98 and dipped to a close of $4.96. Approximately 9.83 million shares were traded on Friday while an average volume of 5.54 million shares were traded over a 30 day period. The 52-week low of Halcon Resources Corp (NYSE:HK) shares is $4.41 and its 52-week high is $8.28. The company has a market capitalization of $3.96 billion.

About the company

Halcon Resources Corp (NYSE:HK) is an independent energy-company. It focuses on acquiring, producing, exploring and developing of onshore-liquids rich O&G gas-assets in the U.S. IT has O&G reserves located mainly in North Dakota, Texas, Louisiana, Montana and Oklahoma. On 1 August 2012, it acquired GeoResources via a merger.

On 6 December 2012, Halcon Resources Corp (NYSE:HK) completed acquiring entities owning around 81,000 net-acres prospective for the Three Forks/Bakken formations that are mainly located in McKenzie , Williams, Dunn Counties, Mountrail, and North Dakota from Petro-Hunt, L.L.C. and Pillar Energy, LLC.

As of 31 December 2012, it had working-interests in around 128,000 net-acres of prospective for the Three Forks/Bakken formations in Montana and North Dakota. Halcon Resources Corp (NYSE:HK)’s Eagle Ford /Woodbine acreage is a prospective for Eagle Ford, Woodbine as well as other formations that have targeted-depths that range from 7,000ft- 10,400ft.



About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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