Halcon Resources (HK) reported fourth-quarter and full-year results after the closing bell today. The company reported adjusted net income of just $4.1 million, or $0.01 per share. That fell short of what analysts' estimated it would earn by $0.03 per share.

On a non-adjusted basis, Halcon Resources reported a loss of $415.3 million, or $1.01 per share. That loss included non-cash pre-tax impairment charges of $238.9 million as well as the non-cash impact of oil and gas hedges. Despite the non-adjusted loss and low adjusted net income Halcon Resources did produce cash flow from operations in the quarter totaling $155.2 million. That was nearly $100 million more than it produced in the fourth quarter of 2012.

One of the reasons cash flow grew in 2013 was a 119% surge in production in the fourth quarter when comparing it with the fourth quarter of 2012, despite some weather-related downtime in the company's Bakken Shale operations in the quarter. For the full year, Halcon Resources grew its production by 254% over 2012, which was on the high end of its guidance range.

In addition to reporting earnings and production, Halcon Resources also unveiled the Tuscaloosa Marine Shale as its third core area joining the Bakken Shale and the Eagle Ford Shale. The company plans to run three rigs in the play to drill about a dozen gross wells in 2014. Halcon Resources now believes the addition of the Tuscaloosa Marine Shale, when combined with its other two core plays, puts it in a solid position to deliver liquids-rich production growth in 2014 and beyond.