Midstates Petroleum Company, Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On May 1, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Midstates Petroleum Company, Inc. and its affiliates.

The filing was assigned docket number 4 and is described on the court’s official docket as follows:

Motion to Use Cash Collateral Filed by Debtor Midstates Petroleum Company, Inc. Hearing scheduled for 5/2/2016 at 03:30 PM at Houston, Courtroom 400 (DRJ). (Attachments: # 1 Proposed Order Exhibit A/Proposed Order # 2 Exhibit B) (Tomasco, Patricia) (Entered: 05/01/2016)

Midstates Petroleum Company, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 30, 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 16-32237. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Midstates Petroleum Company, Inc. in the bankruptcy case.


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