On January 11, 2016, an order regarding the motion for miscellaneous “first day” relief 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 255 and is described on the court’s official docket as follows:
Order (Final) Authorizing the Debtors to (I) Continue Insurance Coverage Entered into Prepetition and Satisfy Prepetition Obligations Related Thereto, (II) Renew, Amend, Supplement, Extend, or Purchase Insurance Policies, (III) Honor the Terms of the Premium Financing Agreement and Pay Premiums Thereunder, (IV) Enter into New Premium Financing Agreements in the Ordinary Course of Business, and (V) Granting Related Relief (related document(s), ) Order Signed on 1/11/2016. (Attachments: # (1) Exhibit “1”) (LMD)
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.