Samson Resources Corporation Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On September 22, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Samson Resources Corporation and its affiliates.

The filing was assigned docket number 87 and is described on the court’s official docket as follows:

Order Authorizing the Debtors to (I) Continue to Operate the Cash Management System, (II) Honor Certain Prepetition Obligations Related Thereto, (III) Maintain Existing Business Forms, and (IV) Continue to Perform Intercompany Transactions. (Related Doc # [5]) Order Signed on 9/22/2015. (Attachments: # (1) Exhibit 1 # (2) Exhibit 2) (DMC)

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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