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





On June 8, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of SandRidge Energy, Inc. and its affiliates.

The filing was assigned docket number 203 and is described on the court’s official docket as follows:

Motion / Debtors’ Motion for an Order Authorizing the Debtors to (I) Continue Prepetition Hedging Arrangements, (II) Enter into Postpetition Hedging Arrangements, (III) Grant Liens and Superpriority Claims, and (IV) Pay Prepetition Hedging Obligations , in addition to Motion for Relief from Stay / Modifying the Automatic Stay . Fee Amount $176. Filed by Debtor SandRidge Energy, Inc. Hearing scheduled for 6/30/2016 at 03:00 PM at Houston, Courtroom 400 (DRJ).Hearing scheduled for 6/30/2016 at 03:00 PM at Houston, Courtroom 400 (DRJ). (Attachments: # (1) Proposed Order) (Serajeddini, Steven)

SandRidge Energy, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 16, 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 16-32488. 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 SandRidge Energy, Inc. in the bankruptcy case.

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