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Emerald Oil, Inc.

  1. March 22, 2017

    Emerald Oil Ch. 11 Plan Confirmed, Over Trustee Objection

    Bankrupt energy exploration firm Emerald Oil Inc. on Wednesday received court approval for its plan of liquidation in Delaware when a judge determined that unsecured creditors were not subject to discrimination in their recoveries from a settlement fund.

  2. March 17, 2017

    Trustee Says Emerald Oil Plan Shuns Disapproving Creditors

    Delaware's bankruptcy watchdog objected Friday to the Chapter 11 plan of energy exploration firm Emerald Oil Co., saying it provides for disparate treatment of creditors in the same class depending on whether they vote to approve the plan or not.

  3. February 07, 2017

    Emerald Oil Ch. 11 Disclosures Get Unopposed Go-Ahead

    Bankrupt oil driller Emerald Oil Co. received court approval Tuesday in Delaware for its Chapter 11 plan disclosures, as all objections to the document describing the company's liquidating plan have been resolved.

  4. November 03, 2016

    Emerald Oil, Ex-Exec Settle $336K Pre-Ch. 11 Bonus Tiff

    A former top executive for bankrupt Emerald Oil Inc. will keep all but $50,000 of a $336,355 partial retention bonus paid to him six weeks before his resignation, under a broad settlement agreement filed in Delaware bankruptcy court and now awaiting review.

  5. October 28, 2016

    Emerald Oil's $110.5M Ch. 11 Sale Tentatively OK'd In Del.

    Bankrupt Emerald Oil Inc. was tentatively sold to its prepetition lender Friday, in a $110.5 million deal that would mostly cancel the company's secured debt but supply as much as $16 million in cash to wind up the Delaware Chapter 11 case.

  6. October 24, 2016

    Emerald Asks For OK On Operating Deal With Ch. 11 Buyers

    Bankrupt oil and gas driller Emerald Oil Inc. asked a Delaware judge Friday for permission to enter into an operating contract with the lenders that are set to buy its assets so Emerald can continue running its wells until the buyers receive regulatory approvals.

  7. October 17, 2016

    Emerald Oil Seeks More Time To Hammer Out Ch. 11 Plan

    Emerald Oil Inc. on Friday asked a second time for additional breathing room while the oil and gas driller negotiates a Chapter 11 reorganization plan, saying in a Delaware bankruptcy court filing that it needs space to hammer out a $110.5 million sale to prepetition lenders. 

  8. September 30, 2016

    Emerald Oil Asks For More Time On $110M Ch. 11 Sale Talks

    Bankrupt oil and gas driller Emerald Oil Inc. asked a Delaware bankruptcy judge Friday for more time to negotiate the details of a proposed $110.5 million sale to its prepetition secured creditor, saying that issues remain concerning the wind-down budget for the company.

  9. September 22, 2016

    Emerald Oil Settles Midstream Contract Fight In Ch. 11 Case

    Emerald Oil Inc. has settled a battle with its midstream contractors that had dominated its Chapter 11 case, agreeing to assume the deals it previously wanted to reject and have them carry over to the winner of a planned bankruptcy auction, an attorney for the debtor told Law360 on Thursday.

  10. September 15, 2016

    Dakota Midstream Fights Emerald Oil's Bid To Kill Contracts

    Dakota Midstream LLC said in a Delaware bankruptcy court filing Tuesday that Emerald Oil Inc. used "flawed (and mostly unexplained) legal assumptions" in its bid to scuttle its contracts with the midstream provider and should therefore be denied a quick win.