Halcon Resources Announces Public Offering of $300 Million Perpetual Convertible Preferred Stock

HOUSTON, TEXAS, June 12, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the"Company") today announced that it has commenced, subject to marketconditions, an

underwritten public offering of $300 million of theCompany's Series A Cumulative Perpetual Convertible PreferredStock.  Halcón intends to grant the underwriters for theoffering a 30-day

option to purchase up to an additional $45million in additional shares to cover over-allotments, ifany.  

The Company intends to use the net proceeds from the offering torepay a portion of its outstanding borrowings under its seniorsecured revolving credit facility.

J.P. Morgan and Barclays are acting as joint book-runningmanagers in connection with this offering.

The offering will be made only by means of aprospectus, forming a part of Halcón's effective shelf registrationstatement, related prospectus supplement and other relateddocuments. You may

obtain these documents for free by visitingEDGAR on the Securities and Exchange Commission website atwww.sec.gov.Additionally, copies of the preliminary prospectus supplement maybe obtained

from:

J.P. Morgan Securities LLC c/o Broadridge Financial Solutions,1155 Long Island Ave., Edgewood, New York 11717, or by calling(866) 803-9204; orBarclays Capital Inc. c/o Broadridge Financial

Solutions, 1155Long Island Ave., Edgewood, New York 11717, or by email at [email protected],or by calling (888) 603-5847.

Before you invest, you should read theprospectus supplement and accompanying base prospectus, along withother documents that the Company has filed with the Securities andExchange Commission,

for more complete information about Halcón andthis offering.

This press release is neither an offer to sellnor a solicitation of an offer to buy any of these securities andshall not constitute an offer, solicitation or sale in anyjurisdiction in which

such offer, solicitation or sale isunlawful.

This release contains forward-looking statementswithin the meaning of Section 27A of the Securities Act of 1933 andSection 21E of the Securities and Exchange Act of 1934. Forward-looking

statements are based on current beliefsand expectations and involve certain assumptions orestimates that involve various risks and uncertainties,such as financial market conditions, changes

in commodities pricesand the other risks discussed in detail in Halcón's Annual Reporton Form 10-K for the year ended December 31, 2012 and othersubsequent filings with the Securities and

ExchangeCommission.  Readers should not place undue reliance on anysuch forward-looking statements, which are made only as of the datehereof.  The Company has no duty, and assumes

noobligation, to update forward-looking statements as a resultof new information, future events or changes in theCompany's expectations.

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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