Bankruptcy / Restructure Update | Financial Trouble | Capital Markets
Private East TX E&P Files Bankruptcy; Gets $75 Million Lifeline
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02/2014 - Acquired $500 million in assets in East Texas Eagle Ford from Halcon.. Here
12/17/2015 - Filed for Chapter 11 protection
The bond holders including investment firms Varde Partners Inc ., Pennant Park Investment Corp . and Millstreet Capital Management LLC that will erase more $400 million in debt from the company's books.
Click here to learn more about the company Production Operating Areas Proved Reserves (YE-2014) Drilling Locations Map/Operations Chapter 11 FilingNew Gulf Resources and certain subsidiaries announced that they have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware, to facilitate a pre-arranged restructuring of their balance sheet through a…
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