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Blue Chip Growth

Stock Report: Halcon Resources Corp (HK) Report Updated: Dec 05, 2016 | Print This Page

Get more stock ratings by Louis Navellier

Halcon Resources Corp (HK)

Rating: Sell Volatility: Aggressive
Total Grade: D Industry: Oil Gas & Consumable Fuels
Competitors: REN,PE,LEU,WLB
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Company Profile

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas properties in the United States. The company primarily holds interests the Bakken/Three Forks Formations comprising approximately 123,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering approximately 92,000 acres of area in Brazos, Burleson, and Robertson counties. As of December 31, 2014, it had estimated proved reserves of approximately 146.8 million barrels of oil equivalent comprising 120.7 million barrels of crude oil, 13.0 million barrels of natural gas liquids, and 78.4 billion cubic feet of natural gas. The company was formerly known as RAM Energy Resources, Inc. and changed its name to Halcón Resources Corporation in February 2012. Halcón Resources Corporation is headquartered in Houston, Texas.