This is a public record generated listing.
Assets of Oil and Gas Acquisition and Exploitation Company
Listing Information
Attachments
Assets of Oil and Gas Acquisition and Exploitation Company
Price: $36,000,000.00
Other Item Info
Item #: txsbke_430388
Created: 05/30/2019
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Created: 05/30/2019
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Seller Info
Matthew D Cavenaugh
Debtor's Attorney
1401 McKinney Street Ste 1900
Houston, TX 77010
713-752-4200
Debtor's Attorney
1401 McKinney Street Ste 1900
Houston, TX 77010
713-752-4200
Bankruptcy Info
Case #: 4:19-bk-31087
Case Title: Weatherly Oil & Gas, LLC and The Official Committee of Unsecured Creditors of W
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Weatherly Oil & Gas, LLC and The Official Committee of Unsecured Creditors of W
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of Group 2 Assets of Weatherly Oil & Gas, LLC. The Assets are comprised of the “Shelby” assets (the “Shelby Assets”) and “Robertson/Leon,” including the “Boswell Unit” assets (the “Robertson/Leon Assets,” and together with the Shelby Assets, the “Assets”).
You can contact the Seller (above) or click on the case # in the bankruptcy case information section to find additional documents and descriptions regarding these assets for sale.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
Cash Flow:
Asset and Liability Summary ($)
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Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
- Purchase Price: (a) the Shelby Assets, and as consideration for the sale the Stalking Horse Bidder will credit bid in the amount of $26 million (the “Shelby Credit Bid”); and (b) the Boswell Unit, and as consideration for the sale the Stalking Horse Bidder will credit bid in the amount of $10 million (the “Boswell Credit Bid,” together with the Shelby Credit Bid, the “Stalking Horse Bids”).
- Bid Amount: The seller an unqualified and binding bid in an amount of total consideration that is equal to or exceeds $26,390,000 for the Shelby Package and/or $10,150,00 for the Robertson/Leon Package.
- Bid Increment: $100,000
- Bid Deposit: 10% of the cash portion of the bidder’s proposed purchase price
- Last date to respond: 5 calendar days prior to the sale hearing