New Delaware Chapter 11 Filing – EV Energy Partners, L.P.

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EV Energy Partners, L.P., along with thirteen (13) affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-10814).  EV, based in Houston, Texas, is an upstream oil & gas developer operating throughout the United States.  According to the Debtors’ press release, they enter Chapter 11 having entered into a restructuring support agreement with their senior noteholders and lenders and having solicited votes on a prepackaged plan of reorganization.   According to the First Day Declaration, 100% of the Debtors’ senior lenders and ~92% of the Debtors’ senior noteholders have voted in favor of the plan.  The Disclosure Statement to the Plan may be found here.  The Debtors seek to have a confirmation hearing held on May 15, 2018.  Prime Clerk LLC is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Christopher S. Sontchi.

Contact Norman L. Pernick or G. David Dean for more information regarding this matter.  Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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