Energy XXI Ltd. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On April 14, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Energy XXI Ltd. and its affiliates.

The filing was assigned docket number 29 and is described on the court’s official docket as follows:

Emergency Motion¬†for Entry of Interim and Final Orders (A) Authorizing the Debtors’ Use of Cash Collateral, (B) Granting Adequate Protection to the Prepetition Secured Parties, (C) Modifying the Automatic Stay, and (D) Granting Related Relief¬†Filed by Anglo-Suisse Offshore Pipeline Partners, LLC, Delaware EPL of Texas, LLC, EPL Oil & Gas, Inc., EPL Pioneer Houston, Inc., EPL Pipeline, L.L.C., EPL of Louisiana, L.L.C., Energy Partners Ltd., LLC, Energy XXI GOM, LLC, Energy XXI Gulf Coast, Inc., Energy XXI Holdings, Inc., Energy XXI Leasehold, LLC, Energy XXI Ltd, Energy XXI Natural Gas Holdings, Inc., Energy XXI Offshore Services, Inc., Energy XXI Onshore, LLC, Energy XXI Pipeline II, LLC, Energy XXI Services, LLC, Energy XXI Texas Onshore, LLC, Energy XXI USA, Inc., Energy XXI, Inc., M21K, LLC, MS Onshore, LLC, Natural Gas Acquisition Company I, LLC, Nighthawk, L.L.C., Soileau Catering, LLC, Debtor Energy XXI Ltd (O’Connor, Reese) (Entered: 04/14/2016)

Energy XXI Ltd. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 14, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 16-31928. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Vinson & Elkins L.L.P. is acting as lead bankruptcy counsel to Energy XXI Ltd. in the bankruptcy case.

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