Triangle Petroleum, a small independent producer in the Bakken tight oil play, has become the latest E&P company to file for Chapter 11 bankruptcy protection. The Denver-based independent said that it has reached a restructuring agreement with holders of nearly three-quarters of its $381 million in 6.75% senior unsecured notes due in 2022, which will be converted into equity and a new money rights offering of $100 million.
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