Chron.com (blog) | Magnum Hunter seeks bankruptcy amid oil rout Chron.com (blog) Magnum Hunter Resources Corp. said Tuesday it is seeking Chapter 11 bankruptcy protection, becoming the 19th oil producer in the state to file for bankruptcy since the oil bust began last year. The Irving, Texas-based company, which pumps most of its ... Magnum Hunter latest oil producer to seek bankruptcy 'Zombie' oil producer Magnum Hunter files Chapter 11 Irving-based oil driller files for bankruptcy, citing $1.1 billion in debts |