July 27, 2016
A New York bankruptcy judge on Wednesday said that she will sign off on Sabine Oil & Gas Corp.'s plan for restructuring billions of dollars of debt, clearing the company's path to exit Chapter 11 later this year following a costly battle with its unsecured creditors.
June 13, 2016
Sabine Oil & Gas on Monday began its push for a New York bankruptcy judge’s approval of a plan to restructure billions of dollars of debt and resolve litigation over its disastrous tie-up with Forest Oil despite a fierce challenge from unsecured creditors who say the plan is unfair.
June 01, 2016
A New York bankruptcy judge seemed hesitant Wednesday to grant a midstream service provider's request for a quick appeal of a rejected gathering contract with Sabine Oil & Gas as part of an ongoing dispute between the parties that has been followed closely by the oil and gas industry.
May 26, 2016
The committee representing Sabine Oil & Gas unsecured creditors urged a New York bankruptcy judge Wednesday to reject the company's proposed restructuring plan, saying it hinges on a "flawed" valuation of the debtor's prepetition collateral that significantly shortchanges junior creditors' potential recoveries.
May 25, 2016
Sabine Oil & Gas objected Wednesday to an attempt by its former midstream service provider Nordheim Eagle Ford Gathering to stay a New York bankruptcy court ruling that nixed gathering contracts between the companies, saying the dispute could disrupt Sabine's ongoing effort to restructure its debt.
May 17, 2016
Sabine Oil & Gas Corp. got approval Tuesday from a New York bankruptcy judge to enter into an alternative pipeline agreement after the court earlier this year rejected what the company had said were more costly gas gathering contracts.
May 13, 2016
Ropes & Gray LLP filed an application Thursday in New York court seeking more than $11 million in compensation for five months of work representing the official committee of unsecured creditors in the Sabine Oil & Gas bankruptcy, a case attorneys say has become extraordinarily expensive.
May 04, 2016
A New York bankruptcy judge ruled on Tuesday that Sabine Oil & Gas Corp. can extricate itself from two natural gas and condensate gathering contracts in its restructuring, solidifying an earlier ruling that sent shock waves through the midstream oil and gas industry.
April 28, 2016
A New York bankruptcy judge said Thursday she would give Sabine Oil & Gas approval to begin soliciting votes from financial stakeholders on its plan to restructure billions of dollars in debt, but expressed concern that Sabine may be facing a lengthy confirmation hearing because of continued clashes with unsecured creditors.
April 27, 2016
Kirkland & Ellis LLP on Tuesday sought a New York bankruptcy judge's approval for more than $12.5 million in total compensation for the firm's representation of bankrupt energy company Sabine Oil & Gas Corp. between November and February, days after attorneys told the court that the Chapter 11 case has become extraordinarily expensive.