Parallel Energy LP Bankruptcy New Filing Alert: Motion For Authority To Pay Claims Of Vendors

On November 9, 2015, a motion for authority to pay claims of vendors was filed in the bankruptcy case of Parallel Energy LP and its affiliates.

The filing was assigned docket number 7 and is described on the court’s official docket as follows:

Motion to Approve // Motion Of The Debtors For Interim And Final Orders To (A) Honor Certain Pre-Petition Obligations To Working Interest Owners And Royalty Interest Owners; and (B) Continue Such Payments Post-Petition In The Ordinary Course Of Business Filed by Parallel Energy LP. (Attachments: # 1 Exhibit A # 2 Exhibit B # 3 Exhibit C # 4 Exhibit D) (Finizio, GianClaudio) (Entered: 11/09/2015)

Parallel Energy LP filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 9, 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 15-12263. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Thompson & Knight LLP is acting as lead bankruptcy counsel to Parallel Energy LP in the bankruptcy case.


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