Alpine Summit Energy Partners, Inc.

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Case overview

Case Number:

4:23-bk-90739

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

February 12, 2024
Oil Driller Accused Of Using Creditor Assets For Ch. 11

A group of claimants in a Texas-based oil driller's Chapter 11 case recently asked a bankruptcy judge to reject the debtor's proposal for reorganization, alleging the plan would unlawfully use their property interests to pay off the company's debts and administrative costs.
January 22, 2024
White & Case Can Be Special Counsel In Alpine Ch. 11 Action

A Texas judge agreed on Monday to allow bankrupt oil and gas driller Alpine Summit Energy Partners to retain White & Case LLP as special litigation counsel, noting that the firm's use of higher priced attorneys could be challenged later, particularly since a tentative settlement has been reached in the adversary action at issue.
December 21, 2023
Alpine Summit Ch. 11 Plan Dates Moved Up After DIP Payment

Bankrupt oil and gas driller Alpine Summit Energy Partners moved up its Chapter 11 plan confirmation schedule Thursday after a Texas judge allowed it to prepay $8.3 million in post-petition financing obligations to avoid a continued default on the loan.
September 13, 2023
Alpine Summit Gets OK For Final $3M Ch. 11 Loan Draw

A Texas bankruptcy judge Wednesday gave oil and gas driller Alpine Summit Energy Partners permission to draw on the last $3 million of its Chapter 11 financing after the company assured its vendors their claims will continue to have priority.
August 31, 2023
Alpine Summit Gets Approval For $83M Texas Well Sale

A Texas bankruptcy judge gave oil and gas driller Alpine Summit Energy Partners permission Thursday to sell some of its wells for $83 million, rejecting arguments the company should have driven a harder bargain.
August 25, 2023
Alpine Summit Axes Ch. 11 Auction, Goes With Stalking Horse

Alpine Summit Energy Partners has canceled the Chapter 11 auction of its southern Texas oil wells and is now planning a sale to its stalking horse bidder, after no other qualified bidders submitted offers before the deadline, lawyers for the oil and gas driller told a Texas bankruptcy judge Friday.
August 16, 2023
Alpine Summit Says It Has $83M Bid For Southern Texas Wells

Oil and gas driller Alpine Summit Energy Partners told a Texas bankruptcy judge Wednesday it has accepted an $83 million stalking horse bid for part of its wells after saying it was delaying action on its Chapter 11 financing to deal with vendor objections.
July 06, 2023
Texas Oil Driller Plans Liquidation In Face Of $145M Debt

Texas oil and gas driller Alpine Summit Energy Partners has filed for Chapter 11 protection in a Texas bankruptcy court with more than $145 million in liabilities and plans to liquidate, blaming falling natural gas prices and a tightening credit market.