April 1, 2013 / 1:51 PM / 5 years ago

GMX Resources files for bankruptcy

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.

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