Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) Bankruptcy New Filing Alert: Application For Authority To Retain Professionals

On January 7, 2016, an application for authority to retain professionals was filed in the bankruptcy case of Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) and its affiliates.

The filing was assigned docket number 217 and is described on the court’s official docket as follows:

Application/Motion to Employ/Retain Alvarez & Marsal North America, LLC as Restructuring Advisor to the Debtors and Debtors in Possession Effective Nunc Pro Tunc to the Petition Date and (II) Granting Related Relief Filed by Magnum Hunter Resources Corporation. Hearing scheduled for 1/28/2016 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 1/21/2016. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B) (Jones, Laura Davis)

Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 15, 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 15-12533. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) in the bankruptcy case.

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