Energy
Wednesday, May 18, 2016
UPDATE 1-Halcón reaches pact with creditors on prepackaged bankruptcy plan
May 18 (Reuters) - Halcón Resources Corp, which
produces oil in Texas and North Dakota, said on Wednesday it
plans to file for a prepackaged bankruptcy that would wipe out
$1.8 billion in debt and help it survive the drop in crude
prices.
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