Houston, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (OTC PINK: HKRS) today announced that Ragan T. Altizer has been appointed Executive Vice President, Chief Financial Officer and Treasurer of the Company effective August 14, 2019. Mr. Altizer will replace Quentin Hicks, who resigned as Executive Vice President, Chief Financial Officer and Treasurer, effective August 13, 2019. Mr. Altizer has more than 30 years of experience as a financial leader in a variety of industries and will lead the Company’s financial strategy and oversee the Company’s financial operations, including budgeting, planning, treasury, accounting, tax, reporting and investor relations functions.

“Ragan is joining Halcón at a critical time and will help lead our focus on capital discipline, cost control and strategic plans for developing the Company’s assets to maximize shareholder return,” commented Rich Little, Halcón’s Chief Executive Officer.

Mr. Altizer most recently served as the Chief Financial Officer of Ajax Resources, LLC (“Ajax”) from October 2015, until it sold substantially all of its assets to Diamondback Energy, Inc. in October 2018. Prior to his tenure at Ajax, he served as US Regional Chief Financial Officer and Global Controller for Hill+Knowlton Strategies. Mr. Altizer’s career began with 15 years focused in oil and gas in Houston, first with Coopers & Lybrand’s audit practice serving a number of E&P and oilfield services clients and later serving as Corporate Controller and Treasurer for Brooklyn Union Gas Company’s upstream operations. Mr. Altizer earned a Bachelor of Business Administration degree in Accounting from Texas A&M University and is a Certified Public Accountant in the State of Texas.

Mr. Little further commented, “Quentin has been a key member of the management team at Halcón since joining the company in 2012 and played an integral role in the recent months in assisting with our review of strategic and financial alternatives. On behalf of the Board and our Company, I would like to thank Quentin for his dedication and significant contributions to Halcón over the years. We wish him well in his future endeavors.”

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.