Emerald Oil, Inc. Bankruptcy New Filing Alert: Application For Authority To Retain Professionals

On April 15, 2016, an application for authority to retain professionals was filed in the bankruptcy case of Emerald Oil, Inc. and its affiliates.

The filing was assigned docket number 189 and is described on the court’s official docket as follows:

Application/Motion to Employ/Retain (A) Opportune LLP as Crisis Managers and (B) Wade Stubblefield as Chief Restructuring Officer and Certain Additional Personnel as In each instance Nunc Pro Tunc to the Petition Date and (II) Granting Related Relief Filed by Emerald Oil, Inc.. Hearing scheduled for 5/17/2016 at 03:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 4/29/2016. (Attachments: # (1) Notice # (2) Exhibit Ex A – Proposed Order # (3) Exhibit B – Engagement Letter # (4) Exhibit C – Stubblefield Declaration) (Jones, Laura Davis)

Emerald Oil, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 22, 2016. 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 16-10704. 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 Emerald Oil, Inc. in the bankruptcy case.


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