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Assets of Oil and Natural Gas Company

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Listing Information


Assets of Oil and Natural Gas Company

Price: Not Specified

Other Item Info
Item #: txsbke_442443
Created: 06/06/2020
Category: Business Property > All Assets or Going Concerns > Oil & Gas Producers
Sale Location: Houston, Texas
Sale Date: Mon. Jul 27, 2020
Seller Info
Alfredo R. Perez
Debtor's Attorney
700 Louisiana Suite 1600
Houston, TX 77002
(713) 546-5040
Bankruptcy Info
Case #: 4:20-bk-32656
Case Title: Gavilan Resources, LLC
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents


Auction Sale of substantially all of the oil and natural gas assets and related contracts and other assets of the Gavilan Resources, LLC ("Sellers"). The sellers are a private company in the business of acquiring, developing, and producing oil and natural gas assets in the Eagle Ford shale play in south Texas.

Sale Location

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700 Louisiana Street, Suite 1700
Houston, TX, 77002

Additional Details

  1. Auction Time: 1:00 p.m.
  2. Sale Hearing Held on July 31, 2020.
  3. Bid Increment: $100,000
  4. Bid Deposit: Is accompanied by a cash deposit by wire transfer to an escrow agent selected by the sellers (the “Deposit Agent”) in an amount equal to the greater of (x) 10% of the cash purchase price of the bid and (y) $1,000,000 that will constitute liquidated damages to the sellers if the Qualified Bidder shall default with respect to its offer (the “Good Faith Deposit”).
  5. Bid Deadline: July 20, 2020
  6. Last date to respond: July 30, 2020

Other Information

Terms and Conditions:

See Attached.

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