Alta Mesa Resources, Inc. may file for bankruptcy, as of article date May 21, 2019. Alta Mesa announced in an SEC filing that it had exhibited "ineffective internal control over financial reporting," which led it to overstate the value of its assets. The company said it expected to take an impairment loss of approximately $3.1 billion as a result. Alta Mesa Resources Inc. has given investors a large helping of bad news as it reported that it is under SEC investigation for potential fraud, is considering bankruptcy and is at risk of being de-listed on the NASDAQ exchange.