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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, December 14, 2019, Vol. 23, No. 347

                            Headlines

BRISTOW GROUP: Incurs $62.2 Million Net Loss in September
FUSION CONNECT: Net Loss Widens to $15.26 Million in October
HALCON RESOURCES: Incurs $16.23 Million Net Loss in September
INSYS THERAPEUTICS: Posts $13.15 Million Net Loss in September

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BRISTOW GROUP: Incurs $62.2 Million Net Loss in September
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Bristow Group Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for September
2019.

The Debtors reported a net loss of $62.2 million at Sept. 30 on
$29.4 million of total revenue.

As of September 30, 2019, the Debtors listed $3,284.9 million in
total assets, $2,142.8 million in total liabilities, and $1,142.1
million in total shareholders' equity.

The Debtors listed total cash receipts of $10.9 million and total
operating disbursements of $28.9 million for September.

A copy of the monthly operating report is available at the SEC at:

                     https://is.gd/l0KbVi  

                     About Bristow Group

Bristow Group Inc. (OTC: BRSWQ) -- http://www.bristowgroup.com/--
provides industrial aviation and charter services to offshore
energy companies in Europe, Africa, the Americas, and the Asia
Pacific. It also provides search and rescue services for
governmental agencies and the oil and gas industry. Headquartered
in Houston, Bristow Group employs 3,000 individuals around the
world.

Bristow Group and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 19-32713) on
May 11, 2019.  As of Sept. 30, 2018, the Debtors had $2.861 billion
in assets and $1.886 billion in liabilities.

The cases are assigned to Judge David R. Jones.

The Debtors tapped Baker Botts LLP as bankruptcy counsel; Wachtell,
Lipton, Rosen & Katz as co-counsel with Baker Botts; Alvarez &
Marsal and Houlihan Lokey Capital, Inc., as financial advisors; and
Prime Clerk LLC as claims, noticing and solicitation agent.

Henry Hobbs Jr., the acting U.S. trustee for Region 7, appointed
seven creditors to serve on the official committee of unsecured
creditors in the Chapter 11 cases of Bristow Group Inc. and its
affiliates.  The Committee selected Kramer Levin Naftalis & Frankel
LLP as its legal counsel.  Porter Hedges LLP is the Committee's
local and conflicts counsel.  Imperial Capital, LLC, is the
Committee's financial advisor, and Perella Weinberg Partners LP is
the investment banker.


FUSION CONNECT: Net Loss Widens to $15.26 Million in October
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Fusion Connect, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for the period
from October 1 to 31, 2019.

At October 31, 2019, the Debtors reported a net loss of $15.26
million on $36.29 million of revenue, an increase from $11.82
million net loss posted for September.

The Debtors listed $608.71 million in total assets, $912.98 million
in total liabilities and -$304.27 million in total shareholder's
equity as of October 31, 2019.

At October 1, 2019, the Debtors had $57.07 million cash.  It listed
total cash receipts of $43.52 million and total disbursements of
$49.23 million.  Taking into account total other
disbursements/adjustments of $80,447, the Debtors had $51.29
million cash at October 31, 2019.

A copy of the MOR is available at the SEC site at
https://is.gd/HUt8C1

                    About Fusion Connect

Fusion Connect (OTC-MKTS: FSNNQ) -- http://www.fusionconnect.com/
-- provides integrated cloud solutions to small, medium and large
businesses, is the industry's Single Source for the Cloud. Fusion's
advanced, proprietary cloud services platform enables the
integration of leading edge solutions in the cloud, including cloud
communications, contact center, cloud connectivity, and cloud
computing.  Fusion's innovative, yet proven cloud solutions lower
customers' cost of ownership, and deliver new levels of security,
flexibility, scalability, and speed of deployment.

On June 3, 2019, Fusion Connect and each of its U.S. subsidiaries
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
19-11811).  Fusion's two Canadian subsidiaries are not included in
the filing.

Fusion disclosed $570,432,338 in assets and $760,720,713 in
liabilities as of April 30, 2019.

Fusion is advised by FTI Consulting and PJT Partners, Inc., as
financial advisors, and Weil, Gotshal & Manges LLP as legal
counsel.  Prime Clerk LLC is the claims agent.

The First Lien Ad Hoc Group is advised by Greenhill & Co, LLC, as
financial advisor, and Davis Polk & Wardwell LLP, as legal
counsel.

The U.S. Trustee for Region 2 formed a committee of unsecured
creditors in the Debtors' cases on June 18, 2019.  The committee is
represented by Cooley LLP.


HALCON RESOURCES: Incurs $16.23 Million Net Loss in September
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Halcon Resources Corporation, et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
from August 7, 2019 through October 8, 2019.

Halcon Resources Corp. reported a net loss of $28.48 million on
$16.08 million of total operating revenues for the month ended
August 31, 2019.

For the month ended September 30, 2019, Halcon Resources Corp.
reported a net loss of $16.23 million on $15.81 million of total
operating revenues.

As of August 31, 2019, Halcon Resources Corp. had $1,178.88 million
in total assets, $1,011.96 million in total liabilities, and
$166.91 million in total shareholders' equity.

As of September 30, 2019, Halcon Resources Corp. had $1,166.63
million in total assets, $1,018.20 million in total liabilities,
and $148.43 million in total shareholders' equity.

Halcon Resources Corp. listed $4.25 million in total cash
disbursement for the period from August 7 to 31, 2019.

For the period from September 1 to 30, 2019, Halcon Resources Corp.
listed $5.44 million in total cash disbursements.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/B4YiLm    

                   About Halcon Resources

Halcon Resources Corporation (OTC: HK) is an independent energy
company focused on the acquisition, production, exploration and
development of onshore liquids-rich oil and natural gas assets in
the United States.  During 2017, the Halcon acquired certain
property in the Delaware Basin and divested their assets located in
the Williston Basin in North Dakota and in the El Halon area of
East Texas.  As a result, the properties and drilling activities
are currently focused in the Delaware Basin.  

Halcon Resources and its affiliates previously sought bankruptcy
protection on July 27, 2016 (Bankr. D. Del. Lead Case No. 16-11724)
and emerged from bankruptcy in September 2016 after eliminating
$1.8 billion in long-term debt.

Halcon Resources Corporation, along with its subsidiaries, again
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No.
19-34446) on Aug. 7, 2019, this time to seek confirmation of a
prepackaged plan that would cut debt by $750 million.

The Debtors disclosed $1,798,838,000 in total assets and
$945,175,000 in total liabilities as of March 31, 2019.

The Debtors tapped Perella Weinburg Partners and Tudor Pickering
Holt & Co. as financial advisors; Weil, Gotshal & Manges LLP as
legal counsel; FTI Consulting, Inc. as restructuring advisor; and
Kurtzman Carson Consultants LLC as claims agent.

Ducera Partners LLC is acting as financial advisor and Paul, Weiss,
Rifkind, Wharton & Garrison is acting as legal advisor to the
Unsecured Noteholders that comprise the Ad Hoc Noteholder Group.

Simpson Thacher & Bartlett LLP is lead counsel for JPMorgan Chase
Bank, N.A., as administrative agent under the Prepetition RBL
Credit Agreement.  RPA Advisors, LLC is the financial advisor for
the prepetition RBL agent.

Stroock & Stroock & Lavan LLP is counsel to Secured Swap Provider,
J. Aron & Company, under the Prepetition Secured Swap Agreements.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Sept. 6, 2019.


INSYS THERAPEUTICS: Posts $13.15 Million Net Loss in September
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Insys Therapeutics, Inc., et al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for the
period September 1 to 30, 2019.

The Debtors showed a net loss of $13.15 million on net revenues of
$1.90 million in September, an increase from $200,535 net loss
reported for August.

At September 30, 2019, the Debtors listed $121.02 million in total
assets, $430.64 million in total liabilities, and $309.62 million
in total stockholders' deficit.

The Debtors had $55.11 million at September 1.  They listed $3.59
million in total operating receipts and $2.84 million in total
operating disbursements for the month.  Taking into account total
bankruptcy related disbursements of $2.19 million, the Debtors had
$55.11 million cash at September 30.

A copy of the monthly operating report is available at the SEC at:

                      https://is.gd/fVjdQR

                     About Insys Therapeutics

Headquartered in Chandler, Ariz., Insys Therapeutics, Inc. --
http://www.insysrx.com/-- is a specialty pharmaceutical company
that develops and commercializes innovative drugs and novel drug
delivery systems of therapeutic molecules that improve patients'
quality of life. Using proprietary spray technology and
capabilities to develop pharmaceutical cannabinoids, Insys is
developing a pipeline of products intended to address unmet medical
needs and the clinical shortcomings of existing commercial
products.  Insys is committed to developing medications for
potentially treating anaphylaxis, epilepsy, Prader-Willi syndrome,
opioid addiction and overdose, and other disease areas with a
significant unmet need.

As of March 31, 2019, Insys had $172.6 million in total assets,
$336.3 million in total liabilities, and a total stockholders'
deficit of $163.7 million.

On June 10, 2019, Insys Therapeutics and six affiliated companies
filed petitions seeking relief under Chapter 11 of the Bankruptcy
Code (D. Del. Lead Case No. 19-11292).  Insys intends to conduct
the asset sales in accordance with Section 363 of the U.S.
Bankruptcy Code.

The Debtors' cases are assigned to Judge Kevin Gross.

The Debtors tapped Weil, Gotshal & Manges LLP and Richards, Layton
& Finger, P.A., as legal counsel; Lazard Freres & Co. LLC as
investment banker; FTI Consulting, Inc. as financial advisor; and
Epiq Corporate Restructuring, LLC as claims agent.

Andrew Vara, acting U.S. trustee for Region 3, on June 20, 2019,
appointed nine creditors to serve on an official committee of
unsecured creditors in the Chapter 11 cases.  Akin Gump Strauss
Hauer & Feld LLP, and Bayard, P.A., serve as the Committee's
attorneys; and Province, Inc., is the financial advisor.


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Troubled Company Reporter is a daily newsletter co-published
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