Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) Bankruptcy New Filing Alert: Motion For Authority To Reject Agreements

On December 23, 2015, a motion for authority to reject agreements 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 132 and is described on the court’s official docket as follows:

Motion to Reject Lease or Executory Contract /Debtors’ Motion for Entry of an Order (I) Authorizing the Debtors to Reject Certain Executory Contracts and Unexpired Leases Effective Nunc Pro Tunc to December 31, 2015, and (II) Granting Related Relief Filed by Magnum Hunter Resources Corporation. Hearing scheduled for 1/11/2016 at 01:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 1/6/2016. (Attachments: # (1) Notice # (2) Exhibit A – Proposed Order with Ex. 1 # (3) Exhibit B – Binggeli Declaration) (Robinson, Colin)

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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