July 11, 2017 / 11:58 AM / a month ago

BRIEF-Halcon Resources says to sell its operated Williston Basin Assets for $1.4 Billion

July 11 (Reuters) - Halcon Resources Corp:

* Press release - Halcón Resources announces the sale of its operated Williston Basin assets for $1.4 billion

* Plans to continue to run 2 rigs in Delaware basin for remainder of 2017

* Will retain its non-operated Williston Basin assets; though it may monetize those assets in future

* ‍Currently expects to exit 2017 with production in excess of 13,000 boe/d, net

* Current production associated with assets being sold is approximately 29,000 boe/d, net​​​

* ‍Will use a portion of asset sale proceeds to make an offer to purchase up to 50.0 pct of its 6.75% notes at 103% of par upon closing

* To sell operated assets in Williston Basin to an affiliate of Bruin E&P Partners, a portfolio co of Arclight Capital Partners​

* Will also use a portion of asset sale proceeds to redeem all outstanding 12.0% second lien notes due 2022​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below