|Exchange:||New York Stock Exchange|
|Stock:||Halcon Resources Corp|
|Industry:||Oil & Gas E&P|
|Halcon Resources Corp incorporated in Delaware on February 5, 2004. The Company is an energy company, which is engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. The Company’s proved reserves, production and acreage are located in concentrated positions within multiple onshore U.S. basins. The Company’s geographic diversity provides broad flexibility to direct capital resources to project with the greatest potential returns and access to multiple key end markets which mitigates its exposure to temporary price dislocations in any one market. The Company competes with a substantial number of other companies that have greater financial and other resources. Many of these companies explore for, produce and market oil and natural gas, as well as carry on refining operations and market the resultant products on a worldwide basis. The primary areas in which it encounters substantial competition are in locating and acquiring desirable leasehold acreage for its drilling and development operations, locating and acquiring attractive producing oil and natural gas properties, obtaining sufficient availability of drilling and completion equipment and services, obtaining purchasers and transporters of the oil and natural gas it produce and hiring and retaining key employees. There is also competition between oil and natural gas producers and other industries producing energy and fuel. Furthermore, competitive conditions may be substantially affected by various forms of energy legislation and/or regulation considered from time to time by the government of the United States and the states in which its properties are located. The purchasers of oil and natural gas production consist primarily of independent marketers, major oil and natural gas companies and gas pipeline companies. In 2012, two individual purchasers of production, Shell Trading US Co. (STUSCO) and Sunoco Partners Marketing & Terminals L.P., (Sunoco), each accounted for approximately 20% and 19%, respectively, of its total sales. The company’s operations are subject to stringent federal, state and local laws regulating the discharge of materials into the environment or otherwise relating to health and safety or the protection of the environment. Numerous governmental agencies, such as the United States Environmental Protection Agency, commonly referred to as the EPA, issue regulations to implement and enforce these laws, which often require difficult and costly compliance measures.|
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.