Halcon 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 underwrittensecondary offering of 35,000,000 shares of its common stock offeredby EnCap Energy Capital Fund VIII L.P. (the "SellingShareholder").  The underwriters will also have a 30-dayoption 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 theoffering. 

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

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

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

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

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

The registration statement relating to the foregoing haspreviously been filed with the U.S. Securities and ExchangeCommission and became effective upon filing.  This pressrelease does not constitute an offer to sell or a solicitation ofan 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 anyother securities in any state or jurisdiction in which such offer,solicitation or sale would be unlawful prior to registration orqualification under the securities laws of any such state orjurisdiction.

Additional Information for Investors

This release may contain forward-looking statements within themeaning of Section 27A of the Securities Act and Section 21E of theSecurities Exchange Act of 1934, as amended.  Halcóncautionsyou that any statements contained in this press release that arenot strictly historical statements constitute forward-lookingstatements.  These statements are based upon current beliefsor expectations and are subject to various risks and uncertainties,including those set forth in Halcón's registration statement andother filings with the U.S. Securities and Exchange Commission,including the Annual Report on Form 10-K for the fiscal year endedDecember 31, 2011, and Quarterly Report on Form 10-Q for thequarter ended June 30, 2012 (copies of which may be obtained fromthe SEC's website at http://www.sec.gov).  Readers should notplace undue reliance on any such forward-looking statements, whichare made only as of the date hereof.  Halcón undertakes noduty or obligation to update any forward-looking statementscontained in this release as a result of new information, futureevents or changes in Halcón's expectations.

About Halcón Resources

Halcón Resources Corporation is an independent energy companyengaged in the acquisition, production, exploration and developmentof 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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