New Delaware Chapter 11 Filing – Nighthawk Energy PLC
Nighthawk Energy plc, along with its wholly owned subsidiary Nighthawk Royalties LLC, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-10990). Nighthawk, an independent oil & gas company operating in the DJ Basin in Colorado, has not yet filed First Day Motions. According to the April 30, 2018 Board Minutes attached to the Petition, Nighthawk enters Chapter 11 intending to sell substantially all of its assets under Section 363 of the Bankruptcy Code to an unspecified stalking horse bidder. The Board Minutes also disclose that Nighthawk intends to file an ancillary proceeding in the Courts of England and Wales and that OilQuest USA LLC, an affiliate, may soon file a petition for Chapter 11 relief. JND Corporate Restructuring is the proposed claims and noticing agent. The cases have been assigned to the Honorable Brendan Linehan Shannon.
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.