$BATL
BATTALION OIL CORP Stock $batl

$batl Overview Financials Valuation SEC Filings Company Website

2013 Q1 Form 10-Q Financial Statement

#000104746913005355 Filed on May 02, 2013

Income Statement

Concept	2013 Q1	2012 Q4	2012 Q1
Revenue	$190.9M	$124.8M	$26.87M
YoY Change	610.29%	387.5%	4.15%
Cost Of Revenue	$26.90M	$21.80M	$8.300M
YoY Change	224.1%	100.0%	-15.31%
Gross Profit	$163.9M	$103.0M	$18.50M
YoY Change	785.95%	600.68%	15.63%
Gross Profit Margin	85.88%	82.53%	68.85%
Selling, General & Admin	$49.00M	$54.60M	$22.20M
YoY Change	120.72%	628.0%	393.33%
% of Gross Profit	29.9%	53.01%	120.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$81.90M	$55.60M	$6.000M
YoY Change	1265.0%	811.48%	5.26%
% of Gross Profit	49.97%	53.98%	32.43%
Operating Expenses	$131.2M	$110.4M	$28.30M
YoY Change	363.6%	717.78%	177.45%
Operating Profit	$32.03M	-$7.400M	-$9.785M
YoY Change	-427.35%	-716.67%	-268.71%
Interest Expense	-$23.30M	-$14.30M	-$17.90M
YoY Change	30.17%	-14.37%	-13.94%
% of Operating Profit	-72.74%
Other Income/Expense, Net	-$23.27M		-$17.94M
YoY Change	29.71%
Pretax Income	$8.759M	-$22.40M	-$27.73M
YoY Change	-131.59%	34.13%	84.85%
Income Tax	$3.294M	-$14.40M	$5.595M
% Of Pretax Income	37.61%
Net Earnings	$5.465M	-$8.000M	-$33.32M
YoY Change	-116.4%	-34.43%	236.59%
Net Earnings / Revenue	2.86%	-6.41%	-124.01%
Basic Earnings Per Share	$0.02		-$0.50
Diluted Earnings Per Share	$0.01	-$6.15	-$0.50
COMMON SHARES
Basic Shares Outstanding	346.1M shares	216.2M shares	68.82M shares
Diluted Shares Outstanding	383.6M shares		68.82M shares

Balance Sheet

Concept	2013 Q1	2012 Q4	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$800.0K	$2.500M	$685.8M
YoY Change	-99.88%
Cash & Equivalents	$802.0K	$2.506M	$685.8M
Short-Term Investments
Other Short-Term Assets	$13.40M	$8.000K	$4.000M
YoY Change	235.0%	-99.55%	-43.66%
Inventory	$4.200M	$3.116M	$4.300M
Prepaid Expenses		$3.690M
Receivables	$323.7M	$262.8M	$10.70M
Other Receivables	$160.1M	$4.869M	$200.0K
Total Short-Term Assets	$342.1M	$287.9M	$704.9M
YoY Change	-51.48%	1317.6%	3089.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$93.04M	$51.63M	$235.6M
YoY Change	-60.51%	1714.09%	12.14%
Goodwill	$229.2M	$227.8M
YoY Change
Intangibles
YoY Change
Long-Term Investments	$10.95M	$11.14M
YoY Change		430.33%
Other Assets	$882.0K	$934.0K	$28.90M
YoY Change	-96.95%	123.44%	-30.7%
Total Long-Term Assets	$5.239B	$4.753B	$264.5M
YoY Change	1880.64%	1825.39%	5.04%
TOTAL ASSETS
Total Short-Term Assets	$342.1M	$287.9M	$704.9M
Total Long-Term Assets	$5.239B	$4.753B	$264.5M
Total Assets	$5.581B	$5.041B	$969.4M
YoY Change	475.7%	1786.79%	253.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$191.6M	$231.0M	$16.80M
YoY Change	1040.48%	989.62%	-29.41%
Accrued Expenses	$505.3M	$350.7M	$3.900M
YoY Change	12856.41%	9920.0%	69.57%
Deferred Revenue
YoY Change
Short-Term Debt	$6.900M	$74.70M	$0.00
YoY Change
Long-Term Debt Due	$6.924M	$74.67M
YoY Change
Total Short-Term Liabilities	$738.2M	$678.0M	$23.90M
YoY Change	2988.72%	2327.73%	-31.12%
LONG-TERM LIABILITIES
Long-Term Debt	$2.501B	$2.034B	$235.5M
YoY Change	962.01%	907.18%	14.77%
Other Long-Term Liabilities	$10.00K	$10.00K	$37.20M
YoY Change	-99.97%	0.0%	-4.62%
Total Long-Term Liabilities	$2.501B	$2.035B	$272.7M
YoY Change	817.14%	907.13%	11.67%
TOTAL LIABILITIES
Total Short-Term Liabilities	$738.2M	$678.0M	$23.90M
Total Long-Term Liabilities	$2.501B	$2.035B	$272.7M
Total Liabilities	$3.239B	$2.712B	$296.6M
YoY Change	992.13%	1079.67%	6.35%
SHAREHOLDERS EQUITY
Retained Earnings	-$269.0M	-$274.5M
YoY Change		24.43%
Common Stock	$2.371B	$1.682B
YoY Change		633.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$9.298M
YoY Change		29.88%
Treasury Stock Shares	0.000 shares	1.650M shares
Shareholders Equity	$2.102B	$1.398B	$672.9M
YoY Change
Total Liabilities & Shareholders Equity	$5.581B	$5.041B	$969.4M
YoY Change	475.7%	1786.79%	253.92%

Cashflow Statement

Concept	2013 Q1	2012 Q4	2012 Q1
OPERATING ACTIVITIES
Net Income	$5.465M	-$8.000M	-$33.32M
YoY Change	-116.4%	-34.43%	236.59%
Depreciation, Depletion And Amortization	$81.90M	$55.60M	$6.000M
YoY Change	1265.0%	811.48%	5.26%
Cash From Operating Activities	$45.71M	$82.50M	-$9.199M
YoY Change	-596.9%	1275.0%	-319.02%
INVESTING ACTIVITIES
Capital Expenditures	$36.34M	$487.6M	$629.0K
YoY Change	5677.42%	8306.9%	-89.16%
Acquisitions	$29.90M
YoY Change
Other Investing Activities	-$1.328M	-$732.6M	-$3.800M
YoY Change	-65.05%		-860.0%
Cash From Investing Activities	-$445.0M	-$1.220B	-$28.38M
YoY Change	1468.2%	20937.93%	425.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			-$272.9M
YoY Change
Debt Paid & Issued, Net	$434.5M		$208.0M
YoY Change	108.88%
Cash From Financing Activities	$397.6M	1.122B	$723.3M
YoY Change	-45.03%	-561150.0%	60175.92%
NET CHANGE
Cash From Operating Activities	$45.71M	82.50M	-$9.199M
Cash From Investing Activities	-$445.0M	-1.220B	-$28.38M
Cash From Financing Activities	$397.6M	1.122B	$723.3M
Net Change In Cash	-$1.704M	-15.60M	$685.7M
YoY Change	-100.25%	-576356901656774400.0%
FREE CASH FLOW
Cash From Operating Activities	$45.71M	$82.50M	-$9.199M
Capital Expenditures	$36.34M	$487.6M	$629.0K
Free Cash Flow	$9.370M	-$405.1M	-$9.828M
YoY Change	-195.34%	-202650.0%	514.25%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	2669245000	USD
CY2013Q1	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	2478181000	USD
CY2012Q4	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	2326598000	USD
CY2013Q1	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	5509254000	USD
CY2013Q1	hk	Oil Sales Revenue OilSalesRevenue	180780000	USD
CY2012Q1	hk	Oil Sales Revenue OilSalesRevenue	22997000	USD
CY2013Q1	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	5539000	USD
CY2012Q1	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	1668000	USD
CY2013Q1	hk	Natural Gas Liquid Revenue NaturalGasLiquidRevenue	3808000	USD
CY2012Q1	hk	Natural Gas Liquid Revenue NaturalGasLiquidRevenue	2169000	USD
CY2013Q1	us-gaap	Oil And Gas Revenue OilAndGasRevenue	190127000	USD
CY2012Q1	us-gaap	Oil And Gas Revenue OilAndGasRevenue	26834000	USD
CY2013	hk	Oil And Gas Prices First Day Average Of Twelve Months Of West Texas Intermediate Spot Market Price For Ceiling Test OilAndGasPricesFirstDayAverageOfTwelveMonthsOfWestTexasIntermediateSpotMarketPriceForCeilingTest	92.63
CY2012	hk	Oil And Gas Prices First Day Average Of Twelve Months Of Henry Hub Price For Ceiling Test OilAndGasPricesFirstDayAverageOfTwelveMonthsOfHenryHubPriceForCeilingTest	3.73
CY2013Q1	us-gaap	Other Operating Income OtherOperatingIncome	530000	USD
CY2012Q1	us-gaap	Other Operating Income OtherOperatingIncome	36000	USD
CY2013Q1	us-gaap	Revenues Revenues	190657000	USD
CY2012Q1	us-gaap	Revenues Revenues	26870000	USD
CY2013Q1	us-gaap	Lease Operating Expense LeaseOperatingExpense	25440000	USD
CY2012Q1	us-gaap	Lease Operating Expense LeaseOperatingExpense	7501000	USD
CY2013Q1	hk	Work Over Expense WorkOverExpense	1624000	USD
CY2012Q1	hk	Work Over Expense WorkOverExpense	833000	USD
CY2013Q1	us-gaap	Production Tax Expense ProductionTaxExpense	17436000	USD
CY2012Q1	us-gaap	Production Tax Expense ProductionTaxExpense	1926000	USD
CY2013Q1	us-gaap	Restructuring Charges RestructuringCharges	671000	USD
CY2012Q1	us-gaap	Restructuring Charges RestructuringCharges	104000	USD
CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	31597000	USD
CY2012Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	20312000	USD
CY2013Q1	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	81858000	USD
CY2012Q1	us-gaap	Results Of Operations Depreciation Depletion Amortization And Accretion ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion	5979000	USD
CY2013Q1	us-gaap	Costs And Expenses CostsAndExpenses	158626000	USD
CY2012Q1	us-gaap	Costs And Expenses CostsAndExpenses	36655000	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	32031000	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-9785000	USD
CY2013Q1	hk	Interest Expense And Other Nonoperating Income Expense InterestExpenseAndOtherNonoperatingIncomeExpense	4850000	USD
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.50
CY2012Q1	hk	Interest Expense And Other Nonoperating Income Expense InterestExpenseAndOtherNonoperatingIncomeExpense	12997000	USD
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.50
CY2013Q1	us-gaap	Gain Loss On Oil And Gas Hedging Activity GainLossOnOilAndGasHedgingActivity	-18422000	USD
CY2012Q1	us-gaap	Gain Loss On Oil And Gas Hedging Activity GainLossOnOilAndGasHedgingActivity	-4945000	USD
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-23272000	USD
CY2012Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-17942000	USD
CY2013Q1	us-gaap	Cash Cash	802000	USD
CY2012Q4	us-gaap	Cash Cash	2506000	USD
CY2013Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	323672000	USD
CY2012Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	262809000	USD
CY2013Q1	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	2156000	USD
CY2012Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	7428000	USD
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	8759000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-27727000	USD
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3294000	USD
CY2012Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1681717000	USD
CY2012Q4	us-gaap	Treasury Stock Value TreasuryStockValue	9298000	USD
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-268998000	USD
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-274463000	USD
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	2101989000	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	1397982000	USD
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5580855000	USD
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5041025000	USD
CY2013Q1	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	8214000	USD
CY2012Q4	us-gaap	Deferred Tax Assets Liabilities Net Current DeferredTaxAssetsLiabilitiesNetCurrent	5307000	USD
CY2013Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	3056000	USD
CY2012Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6691000	USD
CY2013Q1	us-gaap	Assets Current AssetsCurrent	342050000	USD
CY2012Q4	us-gaap	Assets Current AssetsCurrent	287857000	USD
CY2013Q1	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	3031073000	USD
CY2012Q1	hk	Paid In Kind Interest And Amortization Of Discount PaidInKindInterestAndAmortizationOfDiscount	4065000	USD
CY2012Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	563000	USD
CY2012Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-46000	USD
CY2012Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2950000	USD
CY2012Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	837000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-9199000	USD
CY2012Q1	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	23986000	USD
CY2012Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	4995843000	USD
CY2013Q1	hk	Oil And Gas Property Full Cost Method Accumulated Depletion And Impairment OilAndGasPropertyFullCostMethodAccumulatedDepletionAndImpairment	668098000	USD
CY2012Q4	hk	Oil And Gas Property Full Cost Method Accumulated Depletion And Impairment OilAndGasPropertyFullCostMethodAccumulatedDepletionAndImpairment	588207000	USD
CY2013Q1	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	4841156000	USD
CY2012Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	4407636000	USD
CY2013Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	102122000	USD
CY2012Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	59748000	USD
CY2013Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	9087000	USD
CY2012Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8119000	USD
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	93035000	USD
CY2012Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	51629000	USD
CY2013Q1	us-gaap	Goodwill Goodwill	229221000	USD
CY2012Q4	us-gaap	Goodwill Goodwill	227762000	USD
CY2013Q1	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	1515000	USD
CY2012Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	371000	USD
CY2013Q1	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	61201000	USD
CY2012Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	51609000	USD
CY2013Q1	us-gaap	Equity Method Investments EquityMethodInvestments	10948000	USD
CY2013Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2012Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2013Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2012Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2013Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2012Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	10880	shares
CY2012Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	10880	shares
CY2013Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	670000000	shares
CY2012Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	336666666	shares
CY2013Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2012Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2013Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	369754373	shares
CY2012Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	259802377	shares
CY2012Q4	us-gaap	Equity Method Investments EquityMethodInvestments	11137000	USD
CY2013Q1	hk	Funds In Escrow FundsInEscrow	847000	USD
CY2013Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	369754373	shares
CY2012Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	258152468	shares
CY2013Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	0	shares
CY2012Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1649909	shares
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	1680000	USD
CY2012	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	43590000	USD
CY2012	hk	Stock Issued During Period Value Common Stock New Issues StockIssuedDuringPeriodValueCommonStockNewIssues	569000000	USD
CY2012	hk	Stock Issued During Period Value Preferred Stock New Issues StockIssuedDuringPeriodValuePreferredStockNewIssues	311556000	USD
CY2012	hk	Stock Issued Issuance Costs StockIssuedIssuanceCosts	19603000	USD
CY2012	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	452039000	USD
CY2012	us-gaap	Net Income Loss NetIncomeLoss	-53885000	USD
CY2012	hk	Preferred Stock Convertible Beneficial Conversion Feature PreferredStockConvertibleBeneficialConversionFeature	88445000	USD
CY2012	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2139000	USD
CY2012	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	7299000	USD
CY2013Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3555000	USD
CY2013Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-999000	USD
CY2012Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	5522000	USD
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1935000	USD
CY2012Q1	hk	Unrealized Gain Loss On Derivatives Net Of Premium Amortization UnrealizedGainLossOnDerivativesNetOfPremiumAmortization	-4851000	USD
CY2012Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	6087000	USD
CY2012Q1	hk	Recapitalization Termination Fees Included In Closing Fees And Expense RecapitalizationTerminationFeesIncludedInClosingFeesAndExpense	2500000	USD
CY2012Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	629000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-28378000	USD
CY2012Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	237410000	USD
CY2012Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	208000000	USD
CY2012Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	4495000	USD
CY2012Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	18056000	USD
CY2012Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2139000	USD
CY2012Q1	us-gaap	Proceeds From Issuance Of Convertible Preferred Stock ProceedsFromIssuanceOfConvertiblePreferredStock	311556000	USD
CY2012Q1	hk	Proceeds From Beneficial Conversion Feature Financing Activity ProceedsFromBeneficialConversionFeatureFinancingActivity	88445000	USD
CY2012Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	275000000	USD
CY2012Q1	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	43590000	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	723311000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1704000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	685734000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	49000	USD
CY2012Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	685783000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2506000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	802000	USD
CY2013Q1	dei	Entity Registrant Name EntityRegistrantName	HALCON RESOURCES CORP
CY2013Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001282648
CY2013Q1	dei	Document Type DocumentType	10-Q
CY2013Q1	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
CY2013Q1	dei	Amendment Flag AmendmentFlag	false
CY2013Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2013Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2013Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2013Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	369729513	shares
CY2013Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
CY2013Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5595000	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	5465000	USD
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	-33322000	USD
CY2012Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	1102000	USD
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	5465000	USD
CY2012Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-34424000	USD
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	346139000	shares
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	68816000	shares
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	383565000	shares
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	68816000	shares
CY2013Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Use of Estimates</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">        The preparation of the Company's unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the respective reporting periods. Estimates and assumptions that, in the opinion of management of the Company, are significant include oil and natural gas revenue, capital and operating expense accruals, oil and natural gas reserves, depletion relating to oil and natural gas properties, asset retirement obligations, fair value estimates, beneficial conversion feature estimates and income taxes. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions about future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company's operating environment changes. Actual results may differ from the estimates and assumptions used in the preparation of the Company's unaudited condensed consolidated financial statements.</font></p> <p style="FONT-FAMILY: times;"><font size="2">        Interim period results are not necessarily indicative of results of operations or cash flows for the full year and accordingly, certain information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, has been condensed or omitted. The Company has evaluated events or transactions through the date of issuance of these unaudited condensed consolidated financial statements.</font></p> </div>
CY2013Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	item
CY2012Q4	hk	Funds In Escrow FundsInEscrow	2090000	USD
CY2013Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	882000	USD
CY2012Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	934000	USD
CY2012Q1	hk	Number Of Executive Officers Resigned Or Terminated NumberOfExecutiveOfficersResignedOrTerminated	4	item
CY2012Q1	hk	Recapitalization Cost Charged To Expense RecapitalizationCostChargedToExpense	4600000	USD
CY2012Q1	hk	Recapitalization Professional Fees And Other RecapitalizationProfessionalFeesAndOther	800000	USD
CY2012Q1	hk	Recapitalization Closing Fees And Expense RecapitalizationClosingFeesAndExpense	11200000	USD
CY2013Q1	hk	Maximum Period From Acquisition Date For Adjusting Acquired Assets And Liabilities MaximumPeriodFromAcquisitionDateForAdjustingAcquiredAssetsAndLiabilities	P1Y
CY2013Q1	hk	Incremental Common Shares Attributable To Restricted Shares IncrementalCommonSharesAttributableToRestrictedShares	1255000	shares
CY2013	hk	Oil And Gas Prices First Day Average Of Twelve Months Of Henry Hub Price For Ceiling Test OilAndGasPricesFirstDayAverageOfTwelveMonthsOfHenryHubPriceForCeilingTest	2.95
CY2012	hk	Oil And Gas Prices First Day Average Of Twelve Months Of West Texas Intermediate Spot Market Price For Ceiling Test OilAndGasPricesFirstDayAverageOfTwelveMonthsOfWestTexasIntermediateSpotMarketPriceForCeilingTest	98.15
CY2013Q1	hk	Unrealized Loss On Share Warrants UnrealizedLossOnShareWarrants	300000	USD
CY2013Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2943648000	USD
CY2012Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	2239335000	USD
CY2013Q1	us-gaap	Asset Retirement Obligation AssetRetirementObligation	77540000	USD
CY2012Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	75132000	USD
CY2013Q1	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	1523000	USD
CY2013Q1	hk	Asset Retirement Obligation Liabilities Acquisitions AssetRetirementObligationLiabilitiesAcquisitions	422000	USD
CY2013Q1	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	896000	USD
CY2013Q1	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-433000	USD
CY2013Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	2500000	USD
CY2012Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	500000	USD
CY2012Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	130000	USD
CY2012Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	12375000	USD
CY2012Q4	hk	Accrued Drilling Advances Current AccruedDrillingAdvancesCurrent	8840000	USD
CY2012Q4	hk	Accounts Payable Affiliated Partnerships Current AccountsPayableAffiliatedPartnershipsCurrent	822000	USD
CY2012Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1552000	USD
CY2012Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.202	pure
CY2013Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.376	pure
CY2013Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	8800000	USD
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-27700000	USD
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	14411000	shares
CY2013Q1	hk	Incremental Common Shares Attributable To Conversion Of Debt Securities And Preferred Stock IncrementalCommonSharesAttributableToConversionOfDebtSecuritiesAndPreferredStock	21760000	shares
CY2013Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	70600000	shares
CY2012Q4	hk	Oil And Natural Gas Revenues Receivable Current OilAndNaturalGasRevenuesReceivableCurrent	143794000	USD
CY2012Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	112943000	USD
CY2012Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	5597000	USD
CY2012Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3690000	USD
CY2012Q4	us-gaap	Other Assets Current OtherAssetsCurrent	3001000	USD
CY2012Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	125070000	USD
CY2012Q4	hk	Accrued Cost Of Oil And Gas Costs AccruedCostOfOilAndGasCosts	303489000	USD
CY2012Q4	hk	Revenues And Royalties Payable Current RevenuesAndRoyaltiesPayableCurrent	93072000	USD
CY2012Q4	us-gaap	Interest Payable Current InterestPayableCurrent	45201000	USD
CY2013Q1	us-gaap	Assets Assets	5580855000	USD
CY2012Q4	us-gaap	Assets Assets	5041025000	USD
CY2013Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	706558000	USD
CY2013Q1	hk	Drilling Rig Related Commitment Amount DrillingRigRelatedCommitmentAmount	68000000	USD
CY2012Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	0	USD
CY2012Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	0	USD
CY2013Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	0	USD
CY2013Q1	hk	Fair Value Measurement Asset Transfers Between Levels FairValueMeasurementAssetTransfersBetweenLevels	0	USD
CY2013Q1	hk	Fair Value Measurement Liability Transfers Between Levels FairValueMeasurementLiabilityTransfersBetweenLevels	0	USD
CY2012Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	590551000	USD
CY2013Q1	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	22297000	USD
CY2012Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	10429000	USD
CY2013Q1	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	2424000	USD
CY2012Q4	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	2319000	USD
CY2013Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	6924000	USD
CY2012Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	74669000	USD
CY2013Q1	us-gaap	Liabilities Current LiabilitiesCurrent	738203000	USD
CY2012Q4	us-gaap	Liabilities Current LiabilitiesCurrent	677968000	USD
CY2013Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2501038000	USD
CY2012Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2034498000	USD
CY2013Q1	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	2536000	USD
CY2012Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	2461000	USD
CY2013Q1	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	75116000	USD
CY2012Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	72813000	USD
CY2013Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	161963000	USD
CY2012Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	160055000	USD
CY2013Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	10000	USD
CY2012Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	10000	USD
CY2012Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2013Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q4	us-gaap	Preferred Stock Value PreferredStockValue	695238000	USD
CY2013Q1	us-gaap	Common Stock Value CommonStockValue	37000	USD
CY2012Q4	us-gaap	Common Stock Value CommonStockValue	26000	USD
CY2013Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	2370950000	USD
CY2013Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	-180000	USD
CY2013Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	3671000	USD
CY2012Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	7799000	USD
CY2013Q1	hk	Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets	3373000	USD
CY2012Q4	hk	Derivative Fair Value Of Derivative Asset Not Offset Against Derivative Assets DerivativeFairValueOfDerivativeAssetNotOffsetAgainstDerivativeAssets	4118000	USD
CY2013Q1	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	298000	USD
CY2012Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	3681000	USD
CY2013Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	24833000	USD
CY2012Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	12890000	USD
CY2013Q1	hk	Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities	3284000	USD
CY2012Q4	hk	Derivative Fair Value Of Derivative Liability Not Offset Against Derivative Liabilities DerivativeFairValueOfDerivativeLiabilityNotOffsetAgainstDerivativeLiabilities	3899000	USD
CY2013Q1	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	21549000	USD
CY2012Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	8991000	USD
CY2013Q1	hk	Accounts Receivable Affiliated Partnerships Current AccountsReceivableAffiliatedPartnershipsCurrent	770000	USD

Files In Submission

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0001047469-13-005355-index-headers.html	Edgar Link	pending
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$BATL
BATTALION OIL CORP Stock $batl

2013 Q1 Form 10-Q Financial Statement

#000104746913005355 Filed on May 02, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BATL BATTALION OIL CORP Stock $batl

2013 Q1 Form 10-Q Financial Statement

#000104746913005355 Filed on May 02, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BATL
BATTALION OIL CORP Stock $batl