On January 19, 2016, a motion for authority to assume and/or assign agreements was filed in the bankruptcy case of New Gulf Resources, LLC and its affiliates.
The filing was assigned docket number 168 and is described on the court’s official docket as follows:
Motion to Authorize the Assumption of the Joint Operating Agreements with Energy & Exploration Partners, LLC and Granting Related Relief Filed by New Gulf Resources, LLC. Hearing scheduled for 2/22/2016 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 2/2/2016. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B # (4) Exhibit C – Part 1 of 3 # (5) Exhibit C – Part 2 of 3 # (6) Exhibit C – Part 3 of 3 # (7) Exhibit D # (8) Exhibit E # (9) Exhibit F # (10) Exhibit G) (Bartley, Ryan)
New Gulf Resources, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 17, 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 15-12566. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Baker Botts LLP is acting as lead bankruptcy counsel to New Gulf Resources, LLC in the bankruptcy case.