January 12, 2016
A New York bankruptcy judge on Tuesday pushed for mediation in a lawsuit brought by Sabine Oil & Gas Corp. against second-lien noteholders that seeks to wipe out a $650 million lien on assets held by Forest Oil Corp., Sabine's partner in an ill-fated 2014 merger.
January 06, 2016
Wells Fargo on Tuesday urged a New York bankruptcy judge to rein in fees and expenses Sabine Oil & Gas' unsecured creditors committee has run up in the Chapter 11 as it investigates the debtor, shortly after creditors attacked the bank over its role in financing a problematic merger with Forest Oil.
December 16, 2015
A New York bankruptcy judge on Wednesday granted Sabine Oil & Gas Corp.'s request for more breathing room as it works to come up with a plan to restructure its debt, as the U.S. oil and gas industry continues to struggle amid an ongoing market downturn.
October 30, 2015
A New York bankruptcy judge on Friday pleaded with attorneys representing Sabine Oil & Gas Corp. and its creditors to reign in the fees that have been charged over the first two months of the company's Chapter 11, saying the costs are significant and not sustainable.