“Halcón Resources sells major chunk of assets for $1.4B”
Houston-based Halcón Resources Corp. (NYSE: HK) is selling a significant portion of its Williston Basin assets to an affiliate of Houston-based Bruin E&P Partners for $1.4 billion.
The deal, which includes all of Halcón’s operated assets in the Williston, is intended to allow the company to focus on the Delaware Basin portion of the Permian Basin. The company will retain its non-operated Williston Basin assets, but it might sell those in the future, too.
RBC Richardson Barr advised Halcón on the sale of its operated Williston Basin properties. Intrepid Partners LLC advised the company on the consent process. Thompson & Knight also advised Halcón.