Want to know how bad it was at MDC before they filed? There were 1400 mechanics and mineral liens filed against them. See the motion below to try to consolidate all these adversary suits into one manged case.
Between this and the additional extension on filing a reorganization plan, not sure how bright it looks for MDC to get reorganized.
Rosehill Resources filed Chapter 11 in Houston. Appears to be a pre-packaged Chapter 11.
Rosehill_Resources_Inc._Press_Release[1].pdf (152.0 KB) Disclosure_Statement[1].pdf (5.1 MB) Order_Granting_Motion_to_pay_Mineral_Owners[1].pdf (449.1 KB) pter 11. Here is the press release and some of the filings.
In the Chesapeake bankruptcy, a committee of royalty owners has been appointed.
A major issue has come up in the Unit bankruptcy. Chieftain Royalty had obtained a class certification order for Oklahoma royalty owners in February, and has filed a proof of claim and a motion to ask the bankruptcy court to recognize this class and the proof of claim for the class. Unit is trying to get the class claims discharged.
Chieftain motion.pdf (1.1 MB)
Thank you for this info.
Echo Energy filed for chapter 11 bankruptcy on 3/24/2020, Houston, TX. Echo Energy Partners I, LLC
Looks as if there was a sale of assets recently, so not sure what this means for royalty owners. We never received paperwork from them, as we are in the process of transferring ownership of our well with them.
Taxpayers will lose over $200 million due to Chapter 11 filing by failed solar power project in Nevada with government guarantees.
Hmmm - I don’t recall any of these oil and gas operators that have filed having a big government handout they are walking away from.
Denbury Resources Inc. is Filing for Chapter 11 to try and eliminate $2.1 Billion of Bond Debt
Here is Denbury’s order authorizing them to continue to pay mineral and working interest owners. Look at paragraph 6 of the order.
2020-07-31 Docket 63 - Order Royalty Payments.pdf (639.0 KB)
Gavilan’s auction to sell their assets has been pushed to September 11.
Quite a few objections filed to Ultra’s reorganization plan.
Chesapeake interim financing order was signed July 31. It is 100 pages long.
Maybe I overlooked the thread, but could anyone point me to information on the Ch. 11 bankruptcy information for Axis Exploration? They are in with Extraction O&G, Inc; 7N; 8 North; Extraction Finance Corp; Mountaintop Minerals; Northwest Corridor Holdings; Table Mountain Resources; XOG Services; and XTR Midstream, principal place of business 370 17th Street, Suite 5300, Denver, Colorado 80202.
I was sent a bunch of paperwork for filing a claim, but I read online that often royalty interest owners are paid without filing claim. I am trying to find out if I actually need to file a claim for the gas & oil royalties sold after September 2019 or if I will automatically be paid through the bankruptcy proceedings.
The leased area is in Arapahoe County, Colorado, T4S R64W Sections 21 & 22, Houlihan 04-64-22A 22-01.
Thank you for any help. Dai
Someone on the forum posted this link for national bankruptcy monitoring. You might try looking there: https://www.haynesboone.com/-/media/Files/Energy_Bankruptcy_Reports/Oil_Patch_Bankruptcy_Monitor
Lillis Energy filed Chapter 11 in Houston after their restructuring deal fell through. Looks to be headed toward a liquidating Chapter 11. I will not post further on this company because of its small size.
Chaparral Energy filed a pre-packaged Chapter 11 in Delaware. They already filed their plan and disclosure statement.
The Sable asset auction is now scheduled for October 10.
Unit’s reorganization plan was approved August 6.
Chesapeake tried to get the royalty owner committee disbanded. Color me shocked (not). Their request was denied.
The equity owners continue to object to the valuation contained in the Ultra reorganization plan.