January 10, 2014
The U.S. trustee objected Friday to GMX Resources Inc.'s proposed reorganization, saying the bankrupt oil and gas producer's Chapter 11 plan contains releases that make the plan unconfirmable.
November 25, 2013
Bankrupt GMX Resources Inc. sued an Oneok Partners LP unit in Oklahoma bankruptcy court Friday, claiming the unit's decision to stop the agreed-upon transport of gas from GMX's wells in North Dakota could cost the company $1.35 million a month in oil and gas revenues.
November 15, 2013
Bankrupt oil and gas producer GMX Resources Inc. launched a suit Wednesday claiming Emerald Oil Inc. breached a confidentiality agreement by using information it obtained as a potential bidder in GMX's Chapter 11 sale to snap up a mineral lease in North Dakota.
May 28, 2013
Bankrupt energy company GMX Resources Inc.'s proposed key employee retention plan drew a challenge Friday from unsecured creditors and the trustee for $51 million in bonds, who said the plan rewards employees for doing nothing more than sticking around for the sale process.
May 17, 2013
Bankrupt oil and gas producer GMX Resources Inc. on Thursday unveiled a new $338 million stalking horse bid for substantially all of its assets to a group of senior lenders, telling an Oklahoma bankruptcy court that it has not been able to raise enough capital elsewhere to continue operating.
April 26, 2013
A group of preferred shareholders of bankrupt oil and gas producer GMX Resources Inc. became the latest party Thursday to object to the company's request for $50 million in debtor-in-possession financing, arguing that the loan terms give an "unfair advantage" to secured creditors if the firm were to be sold.
April 22, 2013
The creditors' committee for bankrupt oil and gas producer GMX Resources Inc. objected Friday to the company's request for $50 million in post-petition financing, calling the loan terms an attempt to "hijack the bankruptcy process."