Matagorda Island Gas Operations, LLC Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On February 19, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Matagorda Island Gas Operations, LLC and its affiliates.

The filing was assigned docket number 76 and is described on the court’s official docket as follows:

Order Granting (Re: 75 Motion to Continue/Reschedule Hearing on 71 Motion to Borrow and Application to Incur Secured Debt, Motion for Entry of Order: (A) Authorizing Debtor to Incure Post-Petition Secured Indebtedness (B) to Grant Security Interests and Priority Claims Pursuant to Sections 364(c) and 364(d) of the Bankruptcy Code, (C) Modifying the Automatic Stay, and (D) Approving Agreement with AIC Investments Limited filed by Debtor Matagorda Island Gas Operations, LLC, ). Hearing continued to 3/17/2015 at 10:00 AM at Courtroom, Lafayette. (ezra) (Entered: 02/19/2015)

Matagorda Island Gas Operations, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 3, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Louisiana . The case number for the lead bankruptcy case is 14-51099. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Summerhays . The law firm of Lugenbuhl, Wheaton, Peck, Rankin & Hubbard is acting as lead bankruptcy counsel to Matagorda Island Gas Operations, LLC in the bankruptcy case.


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