Marion Energy Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On January 6, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Marion Energy Inc. and its affiliates.

The filing was assigned docket number 83 and is described on the court’s official docket as follows:

Order Authorizing and Approving Stipulation Between The Debtor, Marion Energy Ltd., and TCS to the Extent they provide for DIP financing for the Debtor and a process for the sale (or possible refinancing) of the Clear Creek Field. This Court shall retain jurisdiction to hear and determine all matters arising from or related to the implementation of the Stipulation and this Order. (related document(s):78 Stipulation) (lph) (EOD: 01/06/2015)

Marion Energy Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 31, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Utah. The case number for the lead bankruptcy case is 14-31632. The bankruptcy case is currently assigned to United States Bankruptcy Judge Joel Marker. The law firm of Parsons Behle & Latimer is acting as lead bankruptcy counsel to Marion Energy Inc. in the bankruptcy case.


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