Business Context and Reporting Period
This Form 8-K is filed by Halcón Resources Corporation (not Battalion Oil Corp) on November 15, 2019. The report discloses the filing of a Monthly Operating Report with the Bankruptcy Court covering the period from August 7, 2019, to October 8, 2019. This period encompasses the company's Chapter 11 bankruptcy proceedings, which began on August 7, 2019, and concluded with the company emerging from bankruptcy on October 8, 2019, following the confirmation of its Plan of Reorganization.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a regulatory disclosure referencing an attached Monthly Operating Report (Exhibit 99.1) rather than presenting the financial data directly within the text of the 8-K.
Material Changes
- Bankruptcy Emergence: The company emerged from Chapter 11 bankruptcy protection on October 8, 2019, following the effective date of its Joint Prepackaged Plan of Reorganization.
- Reporting Status: The company transitioned from a debtor-in-possession status to a post-reorganization entity during the reported period.
Guidance, Outlook, and Risks
Management Commentary and Cautionary Statements: The company explicitly cautions investors not to place undue reliance on the Monthly Operating Report. The report was prepared solely for Bankruptcy Court compliance and is unaudited and limited in scope. It has not been subject to standard GAAP procedures.
Risks and Contingencies:
- The financial data may not reflect future results or the combined results of operations.
- The report may be subject to revision, and errors or omissions may exist.
- The company does not undertake any obligation to update the Monthly Operating Report.
Investor Verification Checklist
- Verify the actual financial figures in Exhibit 99.1 (Monthly Operating Report), as they are not listed in this summary text.
- Confirm the terms of the Joint Prepackaged Plan of Reorganization to understand the capital structure post-emergence.
- Review subsequent filings for audited financial statements, as the data in this report is unaudited and limited.
- Note the discrepancy in the request metadata: The filing is for Halcón Resources Corporation, not Battalion Oil Corp.