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Assets of Oil and Gas Exploration and Production Company
Listing Information
Attachments
Assets of Oil and Gas Exploration and Production Company
Price: Not Specified
Other Item Info
Item #: txsbke_443333
Created: 07/15/2020
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: Tue. Oct 6, 2020
Created: 07/15/2020
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Date: Tue. Oct 6, 2020
Seller Info
Harry Allen Perrin
Debtor's Attorney
1001 Fannin Suite 2500
Houston, TX 77002
713-758-2548
Debtor's Attorney
1001 Fannin Suite 2500
Houston, TX 77002
713-758-2548
Bankruptcy Info
Case #: 4:20-bk-33274
Case Title: Lilis Energy, Inc. and Brushy Resources, Inc.
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Lilis Energy, Inc. and Brushy Resources, Inc.
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Auction Sale of substantially all of assets of Lilis Energy, Inc. and Brushy Resources, Inc. (collectively, the “Sellers”). Lilis Energy, Inc. (“Lilis”), together with its seller affiliates, is an independent oil and natural gas company focused on the exploration, development, production, and acquisition of oil, natural gas and natural gas liquids. Headquartered in Fort Worth, Texas, Lilis is a pure play Permian Basin company with focused operations in the Delaware Basin.
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
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Asset and Liability Summary ($)
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Additional Details
- Auction Time: 11:00 a.m.
- Sale Hearing Held on October 13, 2020.
- Minimum Initial Overbid: Any initial Overbid to the Baseline Bid(s) shall be no less than the value of the Baseline Bid(s)’s Purchase Price of the Assets, plus $500,000 plus the amount of the Bid Protections, if such Baseline Bid was a Stalking Horse Bid.
- Bid Increment: Any subsequent Overbids shall be in increments of value equal to $500,000, as determined by the Debtors in an exercise of their reasonable business judgment.
- Bid Deposit: Each Bid (other than a cashless credit bid by the Agent) must be accompanied by a cash deposit in an amount equal to the greater of (a) 10% of the cash portion of the Purchase Price and (b) $5,000,000.00 (the “Deposit”).
- Bid Deadline: October 1, 2020
- Last date to respond: October 9, 2020