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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, July 23, 2016, Vol. 20, No. 205

                            Headlines

ALPHA NATURAL: Net Loss Increases to $57.02 Million in May
QUICKSILVER RESOURCES: Suffers $6.22 Million Net Loss in May

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ALPHA NATURAL: Net Loss Increases to $57.02 Million in May
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Alpha Natural Resources, Inc., et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for May 2016.

The Debtors posted a net loss of $57.02 million on $182.55 million
of total revenues in May, an increase from $54.50 million net loss
reported for April.

As of May 31, 2016, the Debtors had $4.46 billion in total
assets, $7.54 billion in total liabilities, and $3.07 billion in
total stockholders' deficit.

The Debtors started the month with $549.49 million cash.  They
listed $5.12 million used in operating activities, $171.20 million
used in investing activities, and $.573 million used in financing
activities.  They ended the month with $715 million.

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

                      https://is.gd/IrdviU

                 About Alpha Natural Resources

Headquartered in Bristol, Virginia, Alpha Natural --
http://www.alphanr.com-- is a coal supplier, ranked second largest
among publicly traded U.S. coal producers as measured by 2014
consolidated revenues of $4.3 billion.  As of August 2015, Alpha
had 8,000 full time employees across many different states, with
UMWA representing 1,000 of the employees.

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.

The petitions were signed by Richard H. Verheij, executive vice
president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the cases.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.  Tyler P.
Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III, Esq., and
Justin F. Paget, Esq., serve as the Debtors' local counsel.

Rothschild Group is the Debtors' financial advisor.  Alvarez &
Marshal Holdings, LLC, is the Debtors' investment banker.  Kurtzman
Carson Consultants, LLC, is the Debtors' claims and noticing
agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors. Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.

                            *     *     *

Alpha Natural Resources, Inc. on March 8, 2016, disclosed that it
has filed a proposed Chapter 11 Plan of Reorganization and a
related Disclosure Statement with the United States Bankruptcy
Court for the Eastern District of Virginia.  Together with the
motion seeking approval of a marketing process for Alpha's core
operating assets, these filings provide for the sale of Alpha's
assets, detail a path toward the resolution of all creditor claims,
and anticipate the emergence of a streamlined and sustainable
reorganized company able to satisfy its environmental obligations
on an ongoing basis.

By selling certain assets as a going concern and restructuring the
company's remaining assets into a reorganized Alpha, the company is
able to provide maximum recovery to its creditors, while preserving
jobs and putting itself in the best position to meet its
reclamation obligations.

The Troubled Company Reporter, on July 14, 2016, citing
BankruptcyData.com reported that in a corporate release, Alpha
Natural Resources announced that, contingent upon the finalization
of certain definitive documentation and the entry of a formal U.S.
Bankruptcy Court confirmation order, the Court has indicated that
it will confirm the Company's Second Amended Joint Plan of
Reorganization.


QUICKSILVER RESOURCES: Suffers $6.22 Million Net Loss in May
------------------------------------------------------------
Quicksilver Resources Inc., et al., on June 20, 2016, filed with
the U.S. Securities and Exchange Commission their monthly operating
report for May 2016.

The Debtors posted a consolidated net loss of $6.22 million on
$64,000 in total revenues for May.

The Debtors posted $240.70 million in total assets, $1.87 billion
in total liabilities, and -$1.63 billion in total shareholders'
equity as of May 31, 2016.

The Debtors started the month with $217.84 million cash.  They
listed $4.99 million in total receipts and $16.47 million in total
disbursements.  Disbursements include $5.85 million in professional
fees and expenses.  At month end, the Debtors had $206.36 million
cash.

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

            https://is.gd/VedRPk

        About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc. is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code in Delaware.  Quicksilver's Canadian
subsidiaries were not included in the Chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger, P.A., is legal co-counsel in the Chapter 11 cases.
Houlihan Lokey Capital, Inc., is serving as financial advisor.
Garden City Group Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and a
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.

                           *     *     *

The Debtors won approval to sell substantially all assets to
BlueStone Natural Resources II, LLC.  BlueStone offered $240
million to acquire Quicksilver's oil and gas assets located in the
Barnett Shale in the Fort Worth basin of North Texas, and $5
million for those assets located in the Delaware basin in West
Texas.


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then-ending.

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