Parallel Energy LP Bankruptcy New Filing Alert: Affidavit Or Declaration Regarding Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On January 7, 2016, an affidavit or declaration regarding motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Parallel Energy LP and its affiliates.

The filing was assigned docket number 173 and is described on the court’s official docket as follows:

Declaration of Richard Miller In Support of Entry of Order (A) Authorizing and Approving the Sale of Substantially All of Debtors’ Assets to Scout Energy Group II, LP in Accordance With the Terms of the Purchase and Sale Agreement Free and Clear of All Liens, Claims, Encumbrances, and Other Interests, (B) Approving the Assumption and Assignment of the Assumed Contracts, and (C) Granting Related Relief Filed by Parallel Energy LP. (Miller, Evan)

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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