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In this week's video sponsored by KeyBanc Capital Markets, Magnum Hunter Resources Corp. has successfully completed its reorganization agreement with lenders to convert debt to equity and emerge from bankruptcy with a deleveraged balance sheet. However, CEO Gary Evans has left the company to launch a new oil and gas venture, Energy Hunter Resources Inc.
Sources:
Magnum Hunter Emerges From Bankruptcy Sans CEO
Linn Succumbs To Financial Tide; Files For Bankruptcy
Debt Claims Another: Penn Virginia Files For Chapter 11 Bankruptcy
Is Acquisition Window Closing On The Oklahoma Stack?
A&D Activity Spurred By Scarcity Worries; PayRock Energy For Sale
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