Samson Resources Corporation Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On September 17, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Samson Resources Corporation and its affiliates.

The filing was assigned docket number 22 and is described on the court’s official docket as follows:

Motion to Approve Use of Cash Collateral Debtors’ Motion for Interim and Final Orders (I) Authorizing Postpetition Use of Cash Collateral, (II) Granting Adequate Protection to Prepetition Lenders Pursuant to 11 U.S.C. Sections 105, 361, 362, 363, and 507, Bankruptcy Rules 2002, 4001, and 9014, and Local Bankruptcy Rule 4001-2, (III) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 4001(b), and (IV) Granting Related Relief Filed By Samson Resources Corporation (Attachments: # (1) Exhibit A)(Pacitti, Domenic)

Samson Resources Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on September 16, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-11934. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Samson Resources Corporation in the bankruptcy case.


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