On February 25, 2015, an order regarding the motion for authority to assume and/or assign agreements was filed in the bankruptcy case of Marion Energy Inc. and its affiliates.
The filing was assigned docket number 116 and is described on the court’s official docket as follows:
Order Authorizing Assumption of Leases and Executory Contracts. The Debtor is hereby deemed to have assumed all Contracts listed in Exhibit A to the Motion and attached hereto, except as set forth in paragraph 4 below. The cure amounts listed in Exhibit A to the Motion and attached hereto are hereby deemed approved and all Contracts are deemed cured thereby, except as set forth in paragraph 4 below. The Court makes no findings at this time with respect to the identity of the counterparty to the Supplemental Easement Agreement, but rules in the alternative as follows: (i) to the extent that the SEA is in fact between the Debtor and QEPFS or a party in privity with QEPFS, the assumption of the SEA is hereby approved and effective; (ii) if the SEA is not with QEPFS or a party in privity with QEPFS, then the Debtors Motion, insofar as it relates to the SEA, is hereby continued to May 29, 2015, and the Debtor is directed either to (x) serve the Motion on the counterparty to the SEA by May 8, 2015 or (y) further continue the hearing on the Debtors Motion, insofar as it relates to the SEA, until the counterparty to the SEA can be identified and served with the Motion. (Related Doc 102) (mtm) (EOD: 02/25/2015)
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.