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Update : Halcon Files Chapter 11 Bankruptcy

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   |    Thursday,July 28,2016

July 28, 2016

Halcon Filed Chapter 11 bankruptcy today.  See below for details.

July 23, 2016

Halcón Resources Corporation has provided an update to its planned pre-packaged Chapter 11 filing. 

As you can see from the chart below, common equity holders are getting crushed - with as little as 4% of the new company.  The Notes (3L) holders gets the bulk of the new company (76.5%).

Halcon currently operates in the East Texas Eagle Ford and the Willison Basin.

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