Nine Point Ch. 11 Sale Passes With Caliber Lien Protections

Law360 (June 29, 2021, 6:36 p.m. EDT) – The $ 250 million sale of Chapter 11 of oil and gas driller Nine Point Energy cleared a Delaware bankruptcy court on Tuesday after the debtor, its buyers and an intermediary service provider agreed to protect the contractor’s language guarantee.

During a virtual hearing, U.S. bankruptcy judge Mary F. Walrath said she would sign an update to the sell order that included new wording that would provide adequate protection for Caliber Midstream privileges, a day later. that the court said Caliber held more than $ 7 million in valid liens against the debtor for drilling and mining services.

The parties were engaged in discussions on …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!


Comments are closed.