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home / news releases / LONE - Lonestar Resources files for Chapter 11

LONE - Lonestar Resources files for Chapter 11

Lonestar Resources US Inc Com
Lonestar Resources (LONE) -19.7% pre-market files for Chapter 11 bankruptcy protection, making it the latest energy company knocked down by depressed crude prices and weak fuel demand due to the pandemic.Lonestar says it entered into a restructuring support agreement with its largest stakeholders that will eliminate $390M in aggregate debt obligations and preferred equity interests.The company has assets and liabilities in the $500M-$1B range, according to court filings.Oasis Petroleum filed for Chapter 11 earlier this week, following Chesapeake Energy, Whiting Petroleum and several others.

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Lonestar Resources files for Chapter 11
Stock Information
Company Name: Lonestar Resources US Inc Com
Stock Symbol: LONE
Market: NASDAQ
Website: lonestarresources.com
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