NEW YORK (TheStreet) - Halcn Resources is buying GeoResources at a value of roughly $1 billion in a cash and stock offer that will more than double its oil and gas reserves. The deal also pushes Halcn Resources, a company that acquires and then develops oil and natural gas assets, further into shale and unconventional energy exploration such as the Williston Basin of Montana, North and South Dakota. In the deal, Halcn Resources will pay $20 in cash and a stock conversion of 1.932 of its shares for each share of GeoResources, valuing the company at $37.97 a share or a 23% premium to Monday's closing price. ... Click to view a price quote on HK. Click to research the Energy industry.