Halcon Battling Liquidity Crisis Despite Solid Permian Asset Base
Halcon delivered production of 17.1 mboe/d in the first quarter, which was 1% lower sequentially. The decrease was attributed to third-party sour gas takeaway constraints, which also marred the previous quarter’s operations. However, Halcon’s own sour gas treatment plant entered service during the period as expected, reducing its dependence on third party outlets. The firm is currently producing 20.4 mboe/d (57% oil), and we believe the firm’s annual target of 19-22 mboe/d is still within reach....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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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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