A Texas oil company working in the state shale basins, as well as those in North Dakota, said it was working to eliminate its debt through a restructuring plan. Halcon Resources Corp., which has headquarters in Texas, announced it settled on the terms to restructure its balance sheet through bankruptcy. “The restructuring plan, if implemented, will result in the elimination of approximately $1.8 billion of debt,” the company said in a statement. Energy companies continue to face pressures from lower crude oil prices despite this year’s market recovery. Crude oil prices are about 17 percent below the level this time last year. A survey from the Dallas Federal Reserve found unemployment rates are increasing for the […]