Item 1.01 Entry into a Material Definitive Agreement.

On May 8, 2012, a wholly owned subsidiary of Halcón Resources Corporation (the "Company") entered into an agreement of sale and purchase (the "Purchase Agreement") with a private seller ("Seller") to acquire a working interest in oil and gas leases. No oil or natural gas production or proved reserves are currently attributable to the acquired interests. The initial purchase price is approximately $194 million, which is subject to customary adjustments and other closing conditions typical for a transaction of this type. In the Purchase Agreement, both the Company and Seller make customary representations and warranties. The Company expects to close the acquisition in late June 2012.

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