This is a public record generated listing.
Assets of Oil and Gas Business
Listing Information
Attachments
Assets of Oil and Gas Business
Price: Not Specified
Other Item Info
Item #: txnbke_438339
Created: 01/02/2017
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Created: 01/02/2017
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: None Set
Seller Info
Thomas Daniel Berghman
Debtor's Attorney
500 N Akard Street, Suite 3800
Dallas, TX 75201
(214) 855-7554
Debtor's Attorney
500 N Akard Street, Suite 3800
Dallas, TX 75201
(214) 855-7554
Bankruptcy Info
Case #: 3:16-bk-31590
Case Title: Paladin Energy Corp.
Court: Texas Northern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Paladin Energy Corp.
Court: Texas Northern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of assets of PALADIN ENERGY CORP, includes any and all leases, equipment, receivables, and causes of action (the “Assets”).
The PALADIN ENERGY CORP, in existence since 1997, is in the oil and gas business. Specifically, the PALADIN ENERGY CORP is a producer, owning or otherwise having interests in numerous wells in Texas and New Mexico from which the PALADIN ENERGY CORP extracts oil and gas for sale to third parties. Like every producer in this industry, the Debtor has suffered from the recent unprecedented decline in the price of oil, which has left the PALADIN ENERGY CORP in breach of non-monetary covenants with its senior secured lender and unable to continue paying default interest.
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
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Asset and Liability Summary ($)
Receivables:
Inventory:
FF&E:
Real Estate:
Total Assets:
Liabilities to assume: