Financial Data and Key Metrics Changes - Production for Q1 2019 averaged approximately 17,000 barrels of oil equivalent per day, with about 60% being oil [6] - The realized oil differential improved to 90% of NYMEX from 83% in the previous quarter, while the natural gas differential was 25% of NYMEX due to weak Waha pricing [8] - Adjusted G&A expense totaled $9.2 million in Q1, up from $8 million in Q4, primarily due to a prior quarter legal settlement [9] - D&C CapEx was approximately $72 million in Q1, with an additional $29 million spent on infrastructure [10] Business Line Data and Key Metrics Changes - The new H2S treating plant became operational, allowing for improved production in Monument Draw, with current net production exceeding 20,000 Boe per day [7] - Four new Wolfcamp wells were brought online in Monument Draw, achieving an average 30-day peak IP rate of 1,002 Boe per day at 83% oil [12] - In West Quito Draw, five new 2000-foot lateral Wolfcamp wells were added, but oil cuts averaged around 35%, below expectations [15] Market Data and Key Metrics Changes - The company faced challenges with sour gas handling and takeaway constraints, impacting production during the quarter [6] - The operational issues are expected to decrease now that the H2S treating plant is online, which should enhance production capabilities [6][12] Company Strategy and Development Direction - The company is reviewing strategic and financial alternatives, including M&A, asset sales, and standalone financing [4] - A search for a new CEO is underway as part of the strategic review process [5] - The company plans to continue developing its acreage position in Monument Draw throughout 2019 [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the progress made in the field, particularly with the new H2S treating plant [5] - The company anticipates fewer issues with sour gas outlets going forward, which should improve production [6] - There is a focus on maximizing liquidity and flexibility in financing to support ongoing operations [11] Other Important Information - The borrowing base was reduced to $225 million, which is expected to provide significant liquidity until further strategic decisions are made [10] - The company is considering dropping rig counts to maximize liquidity, but has not yet revised its capital production guidance for the year [11] Q&A Session Summary Question: What is the current status of the strategic review process? - The company is in the middle of the process, exploring various options including M&A and asset sales [4] Question: How is the new H2S treating plant impacting production? - The plant has improved production capabilities, with current net production exceeding 20,000 Boe per day [7] Question: What are the expectations for future drilling in West Quito Draw? - Drilling in the southern area has been paused due to weak gas pricing, with plans to return to the northern area in early 2020 [15]

Use these links to rapidly review the document TABLE OF CONTENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35467 | --- | --- | --- | |---------------------------- ...

Halcon Resources Corporation (HK) Q4 2018 Earnings Conference Call March 13, 2019 11:00 AM ET Company Participants James Christmas - Chairman Quentin Hicks - EVP, Finance, Capital Markets and IR Jon Wright - EVP and COO Conference Call Participants Jeffrey Cambell - Tuohy Brothers Jason Wangler - Imperial Capital Tariq Ahmed - JPMorgan Chase Jacob Gomolinski-Ekel - Morgan Stanley Jason Gilbert - Goldman Sachs David Meats - Morningstar Marianna Kushner - Nomura Asset Operator Greetings, welcome to the Halcon ...

Use these links to rapidly review the document TABLE OF CONTENTS ITEM 8. CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Delaware (State or other jurisdiction of incorporation or organization) 20-0700684 (I.R.S. Employer Identification Number) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Commission File Number: 001-35 ...