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Emerald Oil, Inc.

  1. August 22, 2016

    Emerald Oil Midstream Contract Row To Be Heard In Sept.

    A contract dispute over a midstream services contract with Emerald Oil Inc. will be heard Sept. 23, according to an order issued by a Delaware bankruptcy judge Monday afternoon, after company attorneys said Emerald would be out of cash by Sept. 30.

  2. August 19, 2016

    Emerald Oil Gets Nod On $110M Lead Bid

    A Delaware bankruptcy judge on Thursday approved CL Energy Opportunity Fund L.P. and SSC Emerald LP's status as the lead bidders for Emerald Oil Inc.'s assets at an auction scheduled for next month with a $110 million proposed purchase price.

  3. August 05, 2016

    Emerald Oil Gets Breathing Room For Ch. 11 Negotiations

    A Delaware bankruptcy judge on Thursday granted Emerald Oil's request for additional breathing room in its Chapter 11 case as the oil and gas producer continues negotiating with its stakeholders on a reorganization plan.

  4. August 01, 2016

    Emerald Must Resume Pipeline Deal In Ch. 11, Judge Rules

    A Delaware bankruptcy judge issued a temporary restraining order Monday directing Emerald Oil Inc. to reverse its unilateral halt to use of a contractor's pipeline for oil and wastewater shipments, and also warned the company to comply with pipeline company record requests.

  5. July 27, 2016

    Emerald, Dakota Clash Over Del. Ch. 11 Pipeline Charges

    Pipeline company Dakota Midstream LLC accused Emerald Oil Inc. on Wednesday of wrongly using its Delaware bankruptcy to slash previously approved rates for piping away oil, natural gas and wastewater, leaving the transporter short of cash and forcing it to lay off workers while continuing services.

  6. July 26, 2016

    Emerald Oil Stalking Horse Raises Bid From $73M To $110M

    Emerald Oil Inc. told the Delaware bankruptcy court Tuesday that its stalking horse bidders increased their floor offer from $73 million to $110 million, a move that would allow unsecured creditors a guaranteed $2 million recovery and bring the debtor a step closer to satisfying secured debt.

  7. July 19, 2016

    Emerald Oil Wants Exec Who Quit Early To Repay Bonus

    Oil driller Emerald Oil Inc. sued a former executive Monday in Delaware bankruptcy court, seeking the return of a $336,000 bonus payment he got in February, saying the employee breached the bonus and retention agreement by keeping the money when he left the company within weeks of getting it and just days after its Chapter 11 petition was filed.

  8. July 05, 2016

    Bankrupt Emerald Wants Court To Order 'Seized Oil' Returned

    Emerald Oil Inc's dispute with its midstream contractors deepened late Friday after the petroleum producers accused Dakota Midstream LLC and its affiliates of seizing 26,000 barrels of oil and is asking the Delaware bankruptcy court to make the company give it back without charging a storage fee.

  9. June 06, 2016

    Bankrupt Emerald Oil Sues Over Midstream Contracts

    Emerald Oil Inc. launched an adversary action in its own Chapter 11 case Friday, asking the court to declare that some of its midstream contracts don't "run with the land" and aren't binding in its planned $73 million sale, opening what's become a common fight in energy bankruptcies.

  10. May 26, 2016

    Emerald Oil Seeks OK Of $73M Stalking Horse Sale

    Emerald Oil Inc. asked a Delaware bankruptcy judge Wednesday to approve its $73 million stalking horse agreement with CL Energy Opportunity Fund LP and SSC Emerald LP, the offer it selected out of four final bids.