Cole Schotz Represents PetroQuest Energy, Inc. in the $20 Million Sale of Substantially All of Its East Texas Assets

Represented client PetroQuest Energy, Inc. and its subsidiaries in the sale of substantially all of their East Texas assets. Following a competitive auction, the asset sale netted the bankruptcy estates $20 million plus additional amounts for post-closing transition work. PetroQuest Energy Inc. is an independent energy company primarily engaged in the exploration, development, and production of oil and natural gas. Founded in 1996 and based in Lafayette, Louisiana, the company focuses on onshore and offshore projects, particularly in the Gulf Coast region of the United States. Cole Schotz serves as counsel for PetroQuest and its subsidiaries in their bankruptcy cases pending in the U.S. Bankruptcy Court for the District of Delaware. The Cole Schotz team included Daniel Geoghan, Jacob Frumkin, Daniel Harris, Melissa Hartlipp,  Robyn Pellegrino, Jasleen Chandhoke, and Marissa Mastroianni.