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

On May 16, 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 28 and is described on the court’s official docket as follows:

Emergency Motion Debtors’ Emergency Motion for Entry of Interim and Final Orders Authorizing (I) Postpetition Use of Cash Collateral, (II) Granting Adequate Protection to Prepetition Lenders Pursuant to 11 U.S.C. ยงยง 105, 361, 362, 363, and 507, Bankruptcy Rules 2002, 4001, and 9014, and Bankruptcy Local Rule 4002-1, and (III) Scheduling a Final Hearing Pursuant to Bankruptcy Rule 4001(B) Filed by Debtor SandRidge Energy, Inc. (Attachments: # (1) Proposed Order (Interim) # (2) Exhibit B – Attorney Checklist) (Clement, Zack)

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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