Halcón Resources Announces Results of Tender Offer for its 8.625% Senior Secured Notes Due 2020

Houston, TX, Feb. 16, 2017 -- Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) announced today the results of its previously announced cash tender offer for any and all of its outstanding $700 million in aggregate principal amount of 8.625% Senior Secured Notes due 2020 (the “2020 Notes”), which expired at 5:00 p.m., New York City time, on February 15, 2017. Pursuant to the tender offer, Halcón has received $289.2 million or approximately 41% of the outstanding aggregate principal amount of the 2020 Notes which were validly tendered (and not validly withdrawn), excluding $2.1 million aggregate principal amount of the 2020 Notes that remain subject to guaranteed delivery procedures. Subject to the conditions specified in the offer to purchase, including the closing of the Company’s previously announced debt financing transaction, the Company expects to accept all such 2020 Notes validly tendered and not validly withdrawn in the tender offer and to make the payment therefor on February 16, 2017, or with respect to notes tendered pursuant to the guaranteed delivery procedures, on February 21, 2017.

JPMorgan Securities acted as dealer manager in connection with the tender offer and U.S. Bank National Association served as depositary and information agent for the tender offer.

The complete terms and conditions of the tender offer are described in the offer to purchase and related letter of transmittal and notice of guaranteed delivery.  These documents are available by contacting U.S. Bank National Association by phone at (651) 466-7367 (banks and brokers) or (800) 934-6802 (option 8) (all others).

This announcement is not an offer to purchase or a solicitation of an offer to sell any securities and shall not constitute a notice of redemption under the indenture governing the 2020 Notes.

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.

For more information contact Quentin Hicks, Senior Vice President of Finance & Investor Relations, at 832-538-0557 or [email protected].

Forward-Looking Statements

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as "expects", "believes", "intends", "anticipates", "plans", "estimates", "potential", "possible", or "probable" or statements that certain actions, events or results "may", "will", "should", or "could" be taken, occur or be achieved. Statements regarding our pending acquisitions and divestitures are forward-looking statements; there can be no guarantee that these transactions close on the timeframe described herein or that they close at all. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to the risks set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and other filings submitted by the Company to the SEC, copies of which may be obtained from the SEC's website at www.sec.gov or through the Company's website at www.halconresources.com. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof.  The Company has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company's expectations.