Emerald Oil, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On April 7, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Emerald Oil, Inc. and its affiliates.

The filing was assigned docket number 128 and is described on the court’s official docket as follows:

Motion to Allow for Expedited Consideration of Motion for Clarification and/or for Relief from and to Amend and Alter the Interim DIP Financing Order (related document(s)[17], [48], [127]) Filed by Core Services, Inc., Stellar Field Services, Inc.. (Attachments: # (1) Proposed Form of Order # (2) Certificate of Service) (Loizides, Christopher)

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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