GMX Resources files for bankruptcy

April 1 Mon Apr 1, 2013 9:46am EDT

April 1 (Reuters) - Oil and gas producer GMX Resources Inc said it had filed for Chapter 11 bankruptcy protection, hit by weak natural gas prices.

The company, which has assets in the Williston basin, East Texas basin and Denver Julesburg basin, said it had been unsuccessful in raising funds to meet its long-term liquidity needs.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article