Bankruptcy / Restructure Update | Financial Trouble | Capital Markets
Update : Halcon Files Chapter 11 Bankruptcy
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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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