Oil producer Halcon Resources files for bankruptcy protection
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The word oil is pictured on an oil bank at a recycling yard in London March 2, 2011. REUTERS/Stefan Wermuth
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(Reuters) - Halcon Resources Corp (NYSE: HK), 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. http://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.
(Reporting by Sangameswaran S in Bengaluru; Editing by Gopakumar Warrier)
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