Parallel Energy LP

Case No. 15-12263


Case Background

On November 9, 2015, Parallel Energy LP and one affiliated debtor (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The cases were pending before the Honorable Kevin Gross and are jointly administered under Case No. 15-12263.  On October 26, 2016, the Bankruptcy Court entered an order (Docket No. 362) dismissing the Debtors' chapter 11 cases.

Important Information & Dates

General Bar Date

The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtor:

  • General Bar Date (all creditors other than Governmental Units): January 5, 2016 
  • Governmental Unit Bar Date: May 9, 2016

Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtor. 

First Day Motions and Orders

A hearing on the Debtors' First Day Motions was held on November 10, 2015 at 2:00 p.m. (ET) before the Honorable Kevin Gross, United States Bankruptcy Court for the District of Delaware, 824 Market Street, 6th Floor, Courtroom No. 3, Wilmington, Delaware 19801. A final hearing on certain of the First Day Motions was held on December 2, 2015 at 12:00 PM (ET).

Please click below to view and download the First Day Motions and Orders:

First Day Motions

First Day Orders

Vendor Inquiries

If you are one of Parallel's vendors and need additional information, please contact the company directly at (918) 346-5003 or email AP@parallelenergy.us 

Royalty and Working Interest Owner Inquiries

If you are a royalty or working interest owner and need additional information, please contact the company directly at (918) 346-5003 or email revenue@parallelenergy.us

Notice of Sale

On November 9, 2015, the Debtors filed a motion to sell substantially all of their assets.  On December 10, 2015, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale. On January 12, 2016, the Bankruptcy Court entered an order authorizing the sale.


Dates

April 23 2016 Administrative Claim Bar Date 5:00 PM (EST) Notice of Dism... Add to Calendar
May 9 2016 Governmental Bar Date 5:00 PM (EST) Order Establis... Add to Calendar
May 17 2016 Dismissal Hearing 2:00 PM (ET) Notice of Dism... Add to Calendar
+ SHOW ALL DATES
November 9 2015 __
November 10 2015 2:00 PM (EST)
December 2 2015 12:00 PM
December 14 2015 10:00 AM (EST)
December 15 2015 1:00 PM (EST)
January 5 2016 5:00 PM (EST)
January 8 2016 9:30 AM (EST)
April 13 2016 11:00 AM (ET)C
April 23 2016 5:00 PM (EST)
Administrative Claim Bar Date Notice of Dismissal Add to Calendar
May 9 2016 5:00 PM (EST)
May 17 2016 2:00 PM (ET)

Parties

Debtors' Counsel

  • Thompson & Knight LLP

    Three Allen Center
    333 Clay Street, Suite 3300
    Houston, TX   77002
    http://www.tklaw.com
    Phone: 713.951.5884
    Fax: 832.397.8052

    Demetra L. Liggins

  • Thompson & Knight LLP

    One Arts Plaza
    1722 Routh Street, Suite 1500
    Dallas, TX   75201-2533
    http://www.tklaw.com
    Phone: 214.969.1700
    Fax: 214.969.1751

    David M. Bennett

  • Bayard, P.A.

    222 Delaware Avenue, Suite 900
    Wilmington, DE   19801
    http://www.bayardlaw.com/
    Phone: 302.655.5000
    Fax: 302.658.6395

    Neil B. Glassman
    GianClaudio Finizio
    Evan T. Miller

Debtors' Restructuring Advisors

United States Trustee and Court Information

Debtors

Case Number Debtor Name Petition Date
Case Number 15-12263 Debtor Name Parallel Energy LP Petition Date November 09, 2015
Case Number 15-12264 Debtor Name Parallel Energy GP LLC Petition Date November 09, 2015