Halcon Resources Corp

Latest Halcon Resources Corp News and Updates

  • Consumer

    Horizontal rig count tapers off after attaining historic high

    Horizontal rig counts had been setting and breaking new records before last week’s fall, which marked the third decrease in the past 16 weeks.

    By Alex Chamberlin
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    Energy & Utilities

    Lower US Crude Oil Production Forecasts for 2019

    The EIA reported that US crude oil production increased by 100,000 bpd (barrels per day) to a record high of 10.9 MMbpd on June 1–8.

    By Gordon Kristopher
  • Energy & Utilities

    Horizontal rig count on top again in the US

    Horizontal wells increase the length of the well that’s exposed to the reservoir. This increases production. In vertical drilling, a well goes straight down until it reaches the formation.

    By Alex Chamberlin
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    Macroeconomic Analysis

    Crude Prices Fell Again Due to Long-Term Oversupply Concerns

    NYMEX-traded WTI crude oil futures for March delivery fell and closed at $29.64 per barrel on February 19. Oil prices fell due to long-term oversupply concerns.

    By Gordon Kristopher
  • uploads///Loser
    Energy & Utilities

    Weakest Upstream Stocks in the Week Ending September 21

    Talos Energy, an exploration and production company involved in offshore drilling, was the weakest upstream stock in the week ending September 21.

    By Kurt Gallon
  • uploads///COP WU Price
    Energy & Utilities

    ConocoPhillips Outperformed Crude Oil: Positive for Its Uptrend

    For the week ending October 20, 2017, crude oil (USO) prices rose from $51.45 per barrel to $51.84 per barrel—an increase of 0.76%.

    By Nicholas Chapman
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    Macroeconomic Analysis

    Crude Oil Prices Have Fallen 11% since October 9

    December WTI crude oil futures contracts trading in NYMEX fell by 1.4% on Monday, October 26, 2015. Crude oil prices fell for the second day.

    By Gordon Kristopher
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    Energy & Utilities

    Can the US Dollar Index Help WTI Crude Oil Prices?

    The US Dollar Index fell ~0.13% to 93.89, and July WTI oil futures rose ~1.2% on June 5.

    By Gordon Kristopher
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    Macroeconomic Analysis

    North American Oil and Gas Producers’ Debt Rose in 2015

    AlixPartners surveyed 134 public companies in the US and Canada. The surveys showed that they had a cumulative long-term debt of more than $353 billion in 2015.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Long Positions Fall in the CFTC’s Commitment of Traders Report

    The CFTC’s COT report states that hedge funds reduced their long positions for the week ending January 12, 2016. The net long positions fell by 20,673 contracts to 163,504 contracts during the week.

    By Gordon Kristopher
  • Macroeconomic Analysis

    Why the horizontal rig count broke a record again

    For the week ending November 14, 2014, the number of horizontal rigs increased by seven from the previous week’s count. Currently, there are 1,369 horizontal rigs.

    By Alex Chamberlin
  • uploads///OPEC production
    Energy & Utilities

    Russia and OPEC: Key Bearish Catalysts for 2016

    Russia’s energy minister reported that Russia is targeting to produce ~10.9 MMbpd of crude oil in 2016 compared to 10.7 MMbpd in 2015. It’s the highest in 30 years.

    By Gordon Kristopher
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    Macroeconomic Analysis

    OPEC-Russia Meeting: Will It Stabilize the Crude Oil Market?

    On March 14, OPEC’s delegates reported that Russia, Saudi Arabia, Venezuela, and Qatar will meet in Doha in April. The meeting will renew talks to stabilize the oil market.

    By Gordon Kristopher
  • Consumer

    Horizontal rig count is back on record breaking spree

    For the week ending September 26, 2014, the number of horizontal rigs increased by six to 1,347—compared to 1,341 last week. This is the highest horizontal rig count on record.

    By Alex Chamberlin
  • uploads///Seasonality Effect of May Month on Crude Oil Inventories
    Miscellaneous

    Does Seasonality Impact the Crude Oil Inventory?

    US commercial crude oil (USO) (UWTI) inventories fell by 3.4 MMbbls (million barrels) compared to the previous week for the week ending May 6, 2016.

    By Rabindra Samanta
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    Macroeconomic Analysis

    Crude oil prices may determine future for some shale plays

    From August to November, returns on drilling wells in shale plays such as the Eagle Ford dropped from more than 20% to the 15% range.

    By Alex Chamberlin
  • Energy & Utilities

    Why investors should monitor last week’s drop in oil rig count

    This week’s fall in oil rig count marked the third decrease in the past four weeks, and the highest decrease since August 22’s fall.

    By Alex Chamberlin
  • Energy & Utilities

    US oil rigs lose steam after reaching a record high

    Last week, the Baker Hughes oil rig count decreased by nine—from 1,601 to 1,592. This marked the first decrease in the past five weeks. Despite the decrease, oil rigs are still close to the record high.

    By Alex Chamberlin
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    Technology & Communications

    US Tech Companies Face Hong Kong National Security Law

    China’s controversial Hong Kong national security law could be a nightmare for US tech companies. Overall, the law would give China more power.

    By Ruchi Gupta
  • Energy & Utilities

    Must-know: Changes in horizontal and vertical rig counts

    For the week ending October 31, 2014, the number of horizontal rigs decreased by two from the previous week’s count. Currently, there are 1,353 horizontal rigs.

    By Alex Chamberlin
  • Consumer

    Why the horizontal rig count is the highest on record

    For the week ended October 24, the number of horizontal rigs increased by two to 1,355, the highest horizontal rig count on record.

    By Alex Chamberlin
  • uploads///breakeven cost
    Energy & Utilities

    Why is the breakeven price of crude oil so important?

    Knowing the breakeven price of crude oil is important when trying to figure out what OPEC needs in order to regain market share.

    By Gordon Kristopher
  • uploads///crude oil extraction
    Energy & Utilities

    Why it’s important to know the crude oil extraction process

    Before learning the costs components of crude oil extraction, let’s take a look at how producers extract crude oil from the ground.

    By Gordon Kristopher
  • uploads///crude oil prodcution cost
    Energy & Utilities

    How does the production cost of crude oil affect oil prices?

    Recent consensus says the production cost of crude oil could range from $20 to $25 per barrel.

    By Gordon Kristopher
  • uploads///Energy MWU_ UPSTREAM Losers
    Energy & Utilities

    Upstream Losses This Week: LGCY, HK, WTI, SN, and XEC

    In the week starting July 2, Legacy Reserves (LGCY) decreased from $6.90 to $6.22, a fall of almost 9.9%.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Upstream Gainers This Week: Gulfport Energy Leads

    As of June 26, Gulfport Energy (GPOR) had risen ~6.9% from last week’s close of $11.62 to $12.42, above its 50-day and 200-day moving averages of $10.31 and $11.59, respectively.

    By Nicholas Chapman
  • uploads///russia
    Energy & Utilities

    Russia’s Crude Oil Production and OPEC’s Meeting

    Russia’s crude oil output averaged 10.97 MMbpd (million barrels per day) in May. Russia’s crude oil production averaged 11.1 MMbpd in early June.

    By Gordon Kristopher
  • uploads///Energy Sector Q YTD Analysts
    Energy & Utilities

    Analyzing Wall Street’s Targets for HK, XEC, JAG, LPI, and COG

    To conclude our series, we’ll discuss analysts’ recommendations for this year’s weakest upstream stocks.

    By Nicholas Chapman
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    Energy & Utilities

    Wall Street’s Targets for the Worst-Performing Upstream Stocks

    We’ll now look at Wall Street’s recommendations for the worst performers in 2018 from the US oil and gas production, or upstream, sector.

    By Nicholas Chapman
  • uploads///HK Upstream YTD Q Price
    Energy & Utilities

    Halcon Resources’ Performance Year-to-Date

    Year-to-date in 2018, Halcon Resources (HK) is turning out to be the worst-performing energy stock from the US oil and gas production, or upstream, sector.

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Which Upstream Company Is the Biggest Gainer This Week?

    So far this week, Legacy Reserves (LGCY) has risen from its last week’s close of $1.49 to $1.63 on October 10—a significant rise of more than 9%.

    By Nicholas Chapman
  • uploads///IV of upstream stock
    Energy & Utilities

    Top 5 Upstream Stocks with High and Low Implied Volatilities

    On August 5, 2016, Stone Energy (SGY) had the highest implied volatility among the upstream stocks. Its implied volatility was ~355.5%.

    By Rabindra Samanta
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    Energy & Utilities

    Oil Producers Brace for Impact of US Dollar Depreciation

    August West Texas Intermediate crude oil futures contracts trading on the NYMEX rose slightly by 0.59% and closed at $45.95 per barrel on July 15, 2016.

    By Gordon Kristopher
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    Macroeconomic Analysis

    Crude Oil Fell almost 8% in the Last 2 Days: Is It the Turning Point?

    August West Texas Intermediate crude oil futures contracts fell by ~2.8% and settled at $46.33 per barrel on Monday, June 27, 2016. Prices fell for the second day due to the aftermath of the Brexit vote on June 24.

    By Gordon Kristopher
  • uploads///api crude oil
    Macroeconomic Analysis

    Could US Crude Oil Inventory Rise for 3rd Straight Week?

    On April 26, 2016, the API (American Petroleum Institute) released its weekly crude oil inventory report. It showed that US crude oil inventory fell 1.1 MMbbls for the week ended April 22.

    By Gordon Kristopher
  • uploads///US gasoline demand
    Macroeconomic Analysis

    What Are the Bullish Catalysts for Crude Oil Prices This Week?

    The rise in gasoline demand in 2016 compared to 2015 has boosted gasoline prices. Consequently, it boosted crude oil prices.

    By Gordon Kristopher
  • uploads///OPEC crude oil production
    Macroeconomic Analysis

    Why OPEC’s Crude Oil Production Fell in February 2016

    OPEC’s (Organization of the Petroleum Exporting Countries) crude oil production fell by 79,000 bpd (barrels per day) to 33.1 MMbpd (million barrels per day) in February 2016 compared to January 2016.

    By Gordon Kristopher
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    Macroeconomic Analysis

    WTI and Brent Crude Oil Prices Fall Due to the Rising Dollar

    WTI (West Texas Intermediate) crude oil futures contracts for April delivery fell 0.88% and settled at $32.78 per barrel on Friday, February 26, 2016.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    Flat US Crude Oil Production Puts Pressure on Crude Oil Prices

    The EIA (U.S. Energy Information Administration) reported that US crude oil production fell marginally by 14,000 bpd (barrels per day) to 9.2 MMbpd (million barrels per day) for the week ending January 22, 2016.

    By Gordon Kristopher
  • uploads///WTI Brent Crude Oil Price Movements
    Macroeconomic Analysis

    WTI Crude Oil Prices Rose after EIA Report

    Crude oil prices have gained ~6.4% within the last two days, ignoring the gasoline and crude oil inventory builds.

    By Manu Milan
  • uploads///US crude oil production
    Macroeconomic Analysis

    US Crude Oil Production Could Be a Game Changer in 2016

    The US crude oil production rose due to technological advancement, higher crude oil prices between 2010–2014, and cheaper credit facilities in 2015.

    By Gordon Kristopher
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    Macroeconomic Analysis

    US Oil and Gas Companies’ Debt Exceeds $200 Billion

    US oil and gas exploration and production companies are under severe pressure.

    By Gordon Kristopher
  • uploads///crude oil market crashes statistices
    Macroeconomic Analysis

    What Were OPEC Policies during Previous Crude Oil Crashes?

    During the 1985-86 crude oil crash, OPEC (Organization of Petroleum Exporting Countries) decided to defend its market share by pumping more oil.

    By Gordon Kristopher
  • uploads///debt service
    Macroeconomic Analysis

    Commodity Meltdown: 19 Oil and Gas Companies in Bankruptcy

    The net debt of US oil and gas exploration and production companies increased from $81 billion in 2010 to $169 billion by 1H15. The main reason is the catastrophic fall in crude oil prices.

    By Gordon Kristopher
  • uploads///WTI crude oil  month chart  july
    Macroeconomic Analysis

    Crude Oil Prices Held above $52 per Barrel for the Third Day

    August WTI crude oil futures contracts settled above $52 per barrel for third day. Crude oil prices closed above the key support level of $52 per barrel as of July 14.

    By Gordon Kristopher
  • Energy & Utilities

    Why the EIA decreased Brent estimates more than WTI estimates

    Lower WTI crude will hurt U.S. oil producers’ profitability. These companies include Whiting Petroleum, Halcon Resources, Laredo Petroleum and Pioneer Natural Resources.

    By Alex Chamberlin
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