Marion Energy Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On May 6, 2015, an order regarding the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Marion Energy Inc. and its affiliates.

The filing was assigned docket number 152 and is described on the court’s official docket as follows:

Order Authorizing (A) Credit-Bid Sale of Substantially All of the Debtor’s Assets Free and Clear of Liens, Claims, Encumbrances and Interests; (B) Assumption and Assignment of Certain Executory Contracts and Unexpired Leases in Connection with Sale; And (C) Compensation of Riviera-Ensley Energy Advisors. (Please see order for particulars) (Related Doc # 136) (mtm) (EOD: 05/06/2015)

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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