WBH Energy Seeks Approval Of $25M Ch. 11 Bid

Law360, Washington (April 8, 2015, 5:31 PM EDT) -- Texas oil and gas driller WBH Energy LP asked a Texas federal bankruptcy judge on Monday to approve a $25 million stalking horse bid from its only secured creditor, saying it was part of the best plan to repay its debts.

In a motion Monday, WBH proposed credit bids of at least $15 million for its oil and gas property and at least $10 million for its personal property to creditor Castlelake LP, which would serve as a stalking horse following a successful bid in the...
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Case Information

Case Title

WBH Energy, LP


Case Number

1:15-bk-10003

Court

Texas Western

Nature of Suit

Date Filed

January 4, 2015


Case Title

WBH Energy GP, LLC


Case Number

1:15-bk-10005

Court

Texas Western

Nature of Suit

Date Filed

January 4, 2015


Case Title

WBH Energy Partners LLC


Case Number

1:15-bk-10004

Court

Texas Western

Nature of Suit

Date Filed

January 4, 2015

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