Halcón Resources Announces Secondary Offering by Selling Shareholder

HOUSTON, TEXAS, Sept. 12, 2012 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today announced the commencement of an underwritten secondary offering of 35,000,000 shares of its common stock offered by EnCap Energy Capital Fund VIII L.P. (the "Selling Shareholder").  The underwriters will also have a 30-day option to purchase up to 5,250,000 additional shares (100% secondary) of common stock from the Selling Shareholder.  Halcón will not sell any shares or receive any proceeds from the offering. 

On a fully diluted basis, the Selling Shareholder owns, as of the date hereof through its interest in HALRES LLC, 102,666,667 common shares representing in the aggregate approximately 32% of Halcón's diluted common shares.  After giving effect to the offering on a fully diluted basis and assuming no exercise of the underwriter's option to purchase additional shares, the Selling Shareholder will own, through its interest in HALRES LLC, 67,666,667 shares of the Company's common stock, representing approximately 21% of Halcón's diluted share count.  The Selling Shareholder will retain approximately 66% of its original interest in the Company on a fully diluted basis. 

Barclays, Goldman, Sachs & Co. and J.P. Morgan are acting as the joint book-running managers of the offering.  This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933, as amended.  Any offer, if at all, will be made only by means of a prospectus forming a part of the effective registration statement.  Copies of the preliminary prospectus may be obtained from:

Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717; barclaysprospectus@broadridge.com; (888) 603-5847

Goldman, Sachs & Co. Prospectus Department 200 West Street New York, NY 10282; prospectus-ny@ny.email.gs.com; (866) 471-2526

J.P. Morgan c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717; (866) 803-9204

The registration statement relating to the foregoing has previously been filed with the U.S. Securities and Exchange Commission and became effective upon filing.  This press release does not constitute an offer to sell or a solicitation of an offer to buy the shares of common stock or any other securities, nor will there be any sale of the shares of common stock or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Additional Information for Investors

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended.  Halcóncautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements.  These statements are based upon current beliefs or expectations and are subject to various risks and uncertainties, including those set forth in Halcón's registration statement and other filings with the U.S. Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2011, and Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 (copies of which may be obtained from the SEC's website at http://www.sec.gov).  Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof.  Halcón undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in Halcón's expectations.

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.

CONTACT: Scott M. Zuehlke

         VP, Investor Relations

         Halcon Resources

         (832) 538-0314

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