Weak 2018 Crude Prices Could Stall Halcon's Growth
Halcon Resources reported fourth-quarter production of 38.6 thousand barrels of oil equivalent per day, which was consistent with guidance (and would have exceeded it, were it not for the 800 boe/d impact of inclement weather in the Williston Basin during the period, which also plagued other operators). Adjusted EBITDA was $131 million, more or less in line with consensus.Encouraged by strengthening oil prices, Halcon set its 2017 budget at $300 million, slightly above earlier guidance. Managem...
Halcon Resources is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the U.S. The company focuses on oil and natural gas acquisition, production, exploration and development in the Delaware Basin. The company's properties and drilling activities are focused in the Delaware Basin in Pecos, Reeves, Ward and Winkler Counties, TX.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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