$BATL
BATTALION OIL CORP Stock $batl

$batl Overview Financials Valuation SEC Filings Company Website

2012 Q2 Form 10-Q Financial Statement

#000110465912053497 Filed on August 02, 2012

Income Statement

Concept	2012 Q2	2011 Q2
Revenue	$23.34M	$28.15M
YoY Change	-17.09%	-2.92%
Cost Of Revenue	$8.800M	$9.700M
YoY Change	-9.28%	-3.96%
Gross Profit	$14.50M	$18.50M
YoY Change	-21.62%	-2.12%
Gross Profit Margin	62.12%	65.71%
Selling, General & Admin	$14.80M	$4.600M
YoY Change	221.74%	-4.17%
% of Gross Profit	102.07%	24.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.900M	$5.600M
YoY Change	5.36%	-18.84%
% of Gross Profit	40.69%	30.27%
Operating Expenses	$20.90M	$10.20M
YoY Change	104.9%	-15.7%
Operating Profit	-$7.220M	$8.271M
YoY Change	-187.29%	21.63%
Interest Expense	$9.500M	$3.900M
YoY Change	143.59%	-176.47%
% of Operating Profit		47.15%
Other Income/Expense, Net	$9.492M	$3.907M
YoY Change	142.95%
Pretax Income	$2.272M	$12.18M
YoY Change	-81.34%	661.13%
Income Tax	-$5.387M	$3.242M
% Of Pretax Income	-237.1%	26.62%
Net Earnings	$7.659M	$8.936M
YoY Change	-14.29%	230.96%
Net Earnings / Revenue	32.81%	31.74%
Basic Earnings Per Share	-$0.59	$0.34
Diluted Earnings Per Share	-$0.59	$0.34
COMMON SHARES
Basic Shares Outstanding	136.1M shares	26.28M shares
Diluted Shares Outstanding	136.1M shares	26.28M shares

Balance Sheet

Concept	2012 Q2	2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$219.2M	$500.0K
YoY Change	43740.0%
Cash & Equivalents	$219.2M	$454.0K
Short-Term Investments
Other Short-Term Assets	$11.00K	$8.800M
YoY Change	-99.88%	57.14%
Inventory	$4.500M	$3.800M
Prepaid Expenses	$2.502M
Receivables	$9.340M	$10.50M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$242.2M	$23.60M
YoY Change	926.27%	15.69%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.862M	$213.1M
YoY Change	-97.25%	-16.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.700M
YoY Change
Other Assets	$60.40M	$36.70M
YoY Change	64.58%	-1.87%
Total Long-Term Assets	$752.6M	$249.8M
YoY Change	201.28%	-14.31%
TOTAL ASSETS
Total Short-Term Assets	$242.2M	$23.60M
Total Long-Term Assets	$752.6M	$249.8M
Total Assets	$994.8M	$273.4M
YoY Change	263.86%	-12.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$29.60M	$23.40M
YoY Change	26.5%	-14.91%
Accrued Expenses	$6.900M	$2.300M
YoY Change	200.0%	-50.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due		$100.0K
YoY Change		0.0%
Total Short-Term Liabilities	$38.22M	$28.80M
YoY Change	32.71%	-14.03%
LONG-TERM LIABILITIES
Long-Term Debt	$242.6M	$205.3M
YoY Change	18.17%	-16.24%
Other Long-Term Liabilities	$33.10M	$34.60M
YoY Change	-4.34%	25.82%
Total Long-Term Liabilities	$275.7M	$239.9M
YoY Change	14.92%	-12.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$38.22M	$28.80M
Total Long-Term Liabilities	$275.7M	$239.9M
Total Liabilities	$313.9M	$268.6M
YoY Change	16.87%	-12.28%
SHAREHOLDERS EQUITY
Retained Earnings	-$246.3M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares	1.650M shares
Shareholders Equity	$676.6M	$4.800M
YoY Change
Total Liabilities & Shareholders Equity	$994.8M	$273.4M
YoY Change	263.86%	-12.34%

Cashflow Statement

Concept	2012 Q2	2011 Q2
OPERATING ACTIVITIES
Net Income	$7.659M	$8.936M
YoY Change	-14.29%	230.96%
Depreciation, Depletion And Amortization	$5.900M	$5.600M
YoY Change	5.36%	-18.84%
Cash From Operating Activities	$6.500M	$8.800M
YoY Change	-26.14%	-34.33%
INVESTING ACTIVITIES
Capital Expenditures	$447.2M	$8.200M
YoY Change	5353.66%	-24.77%
Acquisitions
YoY Change
Other Investing Activities	-$25.20M	$0.00
YoY Change
Cash From Investing Activities	-$472.4M	-$8.100M
YoY Change	5732.1%	-25.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-600.0K	-300.0K
YoY Change	100.0%	-88.46%
NET CHANGE
Cash From Operating Activities	6.500M	8.800M
Cash From Investing Activities	-472.4M	-8.100M
Cash From Financing Activities	-600.0K	-300.0K
Net Change In Cash	-466.5M	400.0K
YoY Change	-116725.0%	-500.0%
FREE CASH FLOW
Cash From Operating Activities	$6.500M	$8.800M
Capital Expenditures	$447.2M	$8.200M
Free Cash Flow	-$440.7M	$600.0K
YoY Change	-73550.0%	-76.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2011Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	202000000	USD
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	-0.004	pure
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.007	pure
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	0.028	pure
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.200	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.653	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.008	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.340	pure
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-25455000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	208000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-17005000	USD
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	68000	USD
CY2011Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	33713000	USD
CY2012Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	33088000	USD
CY2012Q2	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	1446000	USD
CY2012Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	34534000	USD
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	-829000	USD
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	60000	USD
CY2012Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.59
CY2012Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	136066000	shares
CY2012Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	136066000	shares
CY2012Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.59
CY2011Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.34
CY2011Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26278000	shares
CY2011Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26278000	shares
CY2011Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	8936000	USD
CY2011Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.34
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.11
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	102441000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	102441000	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.11
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.04
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26199000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26199000	shares
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-975000	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2012Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	36774000	USD
CY2012Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	6712000	USD
CY2012Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	279000	USD
CY2012Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2513000	USD
CY2012Q2	us-gaap	Other Assets Current OtherAssetsCurrent	11000	USD
CY2012Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2502000	USD
CY2012Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	9340000	USD
CY2012Q2	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	1700000	USD
CY2011Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	25061000	USD
CY2011Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1600000	USD
CY2011Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	406000	USD
CY2011Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2729000	USD
CY2011Q4	us-gaap	Other Assets Current OtherAssetsCurrent	1793000	USD
CY2011Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	936000	USD
CY2011Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	10288000	USD
CY2011Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	597000	USD
CY2011Q2	us-gaap	Share Based Compensation ShareBasedCompensation	686000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	1355000	USD
CY2011Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4621000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	9168000	USD
CY2012Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	13087000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	33421000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2465000	USD
CY2011Q2	us-gaap	Other Operating Income OtherOperatingIncome	34000	USD
CY2011Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	12178000	USD
CY2011Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	3907000	USD
CY2011Q2	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	8268000	USD
CY2011Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	8271000	USD
CY2011Q2	us-gaap	Costs And Expenses CostsAndExpenses	19881000	USD
CY2011Q2	us-gaap	Production Tax Expense ProductionTaxExpense	1478000	USD
CY2011Q2	us-gaap	Lease Operating Expense LeaseOperatingExpense	7812000	USD
CY2011Q2	us-gaap	Revenues Revenues	28152000	USD
CY2011Q2	us-gaap	Oil And Gas Revenue OilAndGasRevenue	28118000	USD
	us-gaap	Use Of Estimates UseOfEstimates	<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">Use of Estimates</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 23pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" 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 reserves, amortization 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="MARGIN: 0in 0in 0pt; TEXT-INDENT: 23pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 23pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" 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></td></tr></table>
CY2011Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	260000	USD
CY2011Q4	us-gaap	Inventory Net InventoryNet	4310000	USD
CY2011Q4	us-gaap	Assets Current AssetsCurrent	20237000	USD
CY2011Q4	us-gaap	Capitalized Costs Proved Properties CapitalizedCostsProvedProperties	715666000	USD
CY2012Q2	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	1196171000	USD
CY2012Q2	us-gaap	Costs And Expenses CostsAndExpenses	30501000	USD
CY2012Q2	us-gaap	Revenues Revenues	23281000	USD
CY2012Q2	us-gaap	Oil And Gas Revenue OilAndGasRevenue	23246000	USD
CY2011Q2	us-gaap	Net Income Loss NetIncomeLoss	8936000	USD
CY2011Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3242000	USD
CY2011Q2	hk	Natural Gas Liquid Revenue NaturalGasLiquidRevenue	2523000	USD
CY2011Q2	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	2812000	USD
CY2011Q2	hk	Oil Sales Revenue OilSalesRevenue	22783000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-114108000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-25663000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-8450000	USD
CY2011Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	715666000	USD
CY2012Q2	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	683633000	USD
CY2011Q4	us-gaap	Oil And Gas Property Full Cost Method Net OilAndGasPropertyFullCostMethodNet	213673000	USD
CY2011Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	9979000	USD
CY2011Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	7133000	USD
CY2012Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5862000	USD
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2846000	USD
CY2011Q4	us-gaap	Deferred Finance Costs Noncurrent Net DeferredFinanceCostsNoncurrentNet	5966000	USD
CY2011Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	418000	USD
CY2012Q2	us-gaap	Assets Assets	994786000	USD
CY2011Q4	us-gaap	Assets Assets	267802000	USD
CY2011Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	265000	USD
CY2011Q4	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	1010000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	67156000	USD
	us-gaap	Revenues Revenues	50151000	USD
	us-gaap	Oil And Gas Revenue OilAndGasRevenue	50080000	USD
CY2012Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-79684000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-975000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1837000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-2812000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16845000	USD
	us-gaap	Gain Loss On Derivative Instruments Net Pretax GainLossOnDerivativeInstrumentsNetPretax	-5982000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	14033000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	39889000	USD
	us-gaap	Production Tax Expense ProductionTaxExpense	2889000	USD
	us-gaap	Lease Operating Expense LeaseOperatingExpense	15653000	USD
	us-gaap	Revenues Revenues	53922000	USD
	us-gaap	Other Operating Income OtherOperatingIncome	85000	USD
	us-gaap	Oil And Gas Revenue OilAndGasRevenue	53837000	USD
	hk	Natural Gas Liquid Revenue NaturalGasLiquidRevenue	4938000	USD
	us-gaap	Natural Gas Production Revenue NaturalGasProductionRevenue	5704000	USD
CY2012Q2	us-gaap	Net Income Loss NetIncomeLoss	7659000	USD
	hk	Oil Sales Revenue OilSalesRevenue	43195000	USD
CY2012Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	9492000	USD
CY2012Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-7220000	USD
CY2012Q2	us-gaap	Liabilities Current LiabilitiesCurrent	38220000	USD
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	26336000	USD
CY2011Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	805000	USD
CY2011Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	32703000	USD
CY2011Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	10000	USD
CY2011Q4	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2011Q4	us-gaap	Common Stock Value CommonStockValue	3000	USD
CY2011Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	229414000	USD
CY2011Q4	us-gaap	Treasury Stock Value TreasuryStockValue	7159000	USD
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-216310000	USD
CY2012Q2	us-gaap	Stockholders Equity StockholdersEquity	680889000	USD
CY2011Q4	us-gaap	Stockholders Equity StockholdersEquity	5948000	USD
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	267802000	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	49000	USD
CY2012Q2	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2011Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2012Q2	us-gaap	Capitalized Costs Of Unproved Properties Excluded From Amortization Cumulative CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative	461620000	USD
CY2012Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2012Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2012Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2011Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1450131	shares
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	26244452	shares
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27694583	shares
CY2011Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2012Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	1649911	shares
CY2012Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	144031546	shares
CY2012Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	145681457	shares
CY2012Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	336666666	shares
CY2012Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	199000	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	219208000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	219159000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	722676000	USD
	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	43590000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	275000000	USD
	us-gaap	Proceeds From Issuance Of Convertible Preferred Stock ProceedsFromIssuanceOfConvertiblePreferredStock	311556000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-500809000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	29385000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2708000	USD
	us-gaap	Interest Paid InterestPaid	8706000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	481000	USD
CY2011Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	454000	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	37000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	417000	USD
CY2011	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	183000	USD
CY2011	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3367000	USD
	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	43590000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2139000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3269000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	870000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	108000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	7003000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	223185000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	231166000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-13496000	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	473000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	469000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	13043000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-5012000	USD
	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-222000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	430000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-49000	USD
	us-gaap	Other Income OtherIncome	22000	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2990000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1953000	USD
CY2010Q4	us-gaap	Stockholders Equity StockholdersEquity	4167000	USD
CY2011	us-gaap	Net Income Loss NetIncomeLoss	-1403000	USD
	dei	Entity Registrant Name EntityRegistrantName	HALCON RESOURCES CORP
	dei	Entity Central Index Key EntityCentralIndexKey	0001282648
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2012-06-30
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2012Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	211836319	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2

Files In Submission

Name	View Source	Status
0001104659-12-053497-index-headers.html	Edgar Link	pending
0001104659-12-053497-index.html	Edgar Link	pending
0001104659-12-053497.txt	Edgar Link	pending
0001104659-12-053497-xbrl.zip	Edgar Link	pending
a12-14568_110q.htm	Edgar Link	pending
a12-14568_1ex31d1.htm	Edgar Link	pending
a12-14568_1ex31d2.htm	Edgar Link	pending
a12-14568_1ex32d1.htm	Edgar Link	pending
a12-14568_1ex32d2.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
hk-20120630.xml	Edgar Link	completed
hk-20120630.xsd	Edgar Link	pending
hk-20120630_cal.xml	Edgar Link	unprocessable
hk-20120630_def.xml	Edgar Link	unprocessable
hk-20120630_lab.xml	Edgar Link	unprocessable
hk-20120630_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$BATL
BATTALION OIL CORP Stock $batl

2012 Q2 Form 10-Q Financial Statement

#000110465912053497 Filed on August 02, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BATL BATTALION OIL CORP Stock $batl

2012 Q2 Form 10-Q Financial Statement

#000110465912053497 Filed on August 02, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BATL
BATTALION OIL CORP Stock $batl