Dallas, Texas 03/04/2014 (FINANCIALSTRENDS) – Halcon Resources Corp(NYSE:HK) is the mining company which has reported strong fourth quarter volumes. The company has reported that it has beat cash flow and has always reiterated 2014 guidance. The company has also announced that it will renew the hold it has on TMS as well as Bigger EURs located in Williston as well as East Texas Eagle Ford.
Halcon Resources Corp(NYSE:HK) has reported fourth quarter numbers for 2013. The volumes for the sock saw an increase, which is in the 1,220 BOEpd, which is the weather downtime. These are essentially in the Bakken region and production mix is expected highly from such services.
Halcon Resources Corp(NYSE:HK) has also offered guidance for the first quarter of 2014. The company indicates that the total guidance is equal to 34 to 36 MBOEpd. The down 15%, in sequential order and due asset sales as of December, also lingers when weather impacts Bakken.
Halcon Resources Corporation (NYSE:HK) has also adopted the value of the third quarter, for production in the fourth quarter 2013 yield as sequential growth. The guidance is currently Q1 of 2014, where the guidance is 4%.
Halcon Resources Corp(NYSE:HK) has also reiterated that during 2014, there it will be 38 to 42 MBOEpd. This is up by 20% in the middle. The pro forma basis will see that there is an increase in 60% growth. By 2014, the guidance is at 3,800 BOEpd, in the non-core asset sales.
Halcon Resources Corp(NYSE:HK) will therefore maintain the 3,800 BOEpd of its Woodbine assets, which is expected to close by second quarter of 2014. This includes drop of nearly 21% in the unit LOE as well as the 11% drop in unit cash. The company has retained budgets across the basins.and will see a rise by over 49% in the 2014 budget..