Halcon Announces Dividend Declaration On Series A Cumulative Perpetual Convertible Preferred Stock

HOUSTON, TEXAS, Feb. 3, 2014 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK)("Halcón" or the "Company") today announced that its Board ofDirectors declared a quarterly dividend on shares of its 5.75%Series A Cumulative Perpetual Convertible Preferred Stock equal toaccrued dividends from December 1, 2013 through February 28,2014. 

Halcón will pay the dividend on March 3, 2014 toholders of record on February 14, 2014.  The dividend paymentson all of the outstanding 5.75% Series A Cumulative PerpetualConvertible Preferred Stock will total approximately $5.0 million,and will be paid in shares of the Company's common stock having afair market value (as determined under the certificate ofdesignation governing such preferred stock) equal to the aggregatedividend amount.  Halcón will pay cash in lieu of issuing anyfractional shares.

Forward-Looking Statements

This release may contain forward-lookingstatements within the meaning of Section 27A of the Securities Actof 1933 and Section 21E of the Securities and Exchange Act of1934.  Forward-looking statements are basedon current beliefs and expectations and involvecertain assumptions or estimates that involve variousrisks and uncertainties, such as financial market conditions,changes in commodities prices and the other risks discussed indetail in the Company's Annual Report on Form 10-K for the yearended December 31, 2012 and other subsequent filings with theSecurities and Exchange Commission.  Readers should not placeundue reliance on any such forward-looking statements, which aremade only as of the date hereof.  Halcón has no duty, andassumes no obligation, to update forward-looking statements asa result of new information, future events or changesin the Company's expectations.

About Halcón Resources

Halcón Resources Corporation is an independentenergy company engaged in the acquisition, production, explorationand development of onshore oil and natural gas properties in theUnited States.
CONTACT: Scott M. Zuehlke         VP, Investor Relations         Halcon Resources         (832) 538-0314

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