New Delaware Chapter 11 Filing – Parallel Energy LP
Parallel Energy LP, an oil and natural gas developer in Texas and Oklahoma (TSX: PLT.UN), and one affiliate have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 15-12263). The case has been assigned to Judge Kevin Gross. The Debtors have filed a motion to sell their assets and have identified a stalking horse bidder. The petition, list of top 25 creditors and the first day declaration are attached. The docket is available through Prime Clerk.
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