Badlands Energy cash falls to $11.07 million in month ended June 30

By Caroline Salls

Pittsburgh, July 25 – Badlands Energy, Inc. reported that it had $11.07 million in cash as of June 30 on a consolidated basis in its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Colorado.

The cash balance was down from $11.35 million at the end of May.

For June, the company reported a net loss of $1.7 million on zero revenue, compared with a $1.56 million May net loss, also on zero revenue.

Badlands, a Denver-based oil company, filed for bankruptcy on Aug. 11, 2017. The Chapter 11 case number is 17-17465.

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