HOUSTON, Sept. 20, 2017 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE:HK) announced it has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approximately $104 million in cash, subject to customary closing conditions and adjustments. The effective date of the transaction is April 1, 2017 and is expected to close within 60 days. These properties currently produce approximately 1,891 Bbl/d of oil, 1,931 Mcf/d of gas and 65 Bbl/d of natural gas liquids. Separately, in August the Company closed on a ~$6 million cash sale of additional non-operated Williston Basin assets to a different party.

The borrowing base on Halcón’s senior secured revolving credit facility will be reduced to $100 million upon closing of the non-operated asset sale. As indicated in the table below, as of June 30, 2017, Halcón's liquidity was approximately $773 million pro forma for these asset sales and other previously announced transactions.

About Halcón Resources

Halcón Resources Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.