Rockall Energy Gets OK for $85 Million Ch. 11 Sale Plan

By Rick Archer (May 31, 2022, 6:43 p.m. EDT) — A Texas bankruptcy judge on Tuesday approved oil and gas driller Rockall Energy Holdings’ plan to end its bankruptcy case by selling its assets to the equity fund- Formentera Partners investment for $85 million for the benefit of its creditors.

At a hearing in Fort Worth, U.S. Bankruptcy Judge Mark Mullin overruled the U.S. Trustee’s Office objections to the Chapter 11 plan’s liability release provisions to approve the sale of Rockall and the plan, fulfilling what the Debtor’s attorney said their goal is a confirmation within 90 days of filing for bankruptcy.

Rockall, which was founded in 2018 and produces over…

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 lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


Comments are closed.