Halcon Resources Corp, which produces oil in Texas and North Dakota, filed for Chapter 11 bankruptcy protection on Wednesday.
The company listed assets and liabilities in the range of $1 billion to $10 billion, according to a filing with the U.S. Bankruptcy Court for the District of Delaware. bit.ly/2ad3wX1
In May, Halcon stated it intends to file for a prepackaged bankruptcy that would wipe out $1.8 billion in debt and help it survive the drop in crude prices.
By Sangameswaran S
Source: Reuters
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