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:
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
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
Alvarez & Marsal
700 Louisiana Street
Suite 900
Houston,
TX
77002
http://www.alvarezandmarsal.com
Phone: 713.571.2400
Dean E. Swick
Gary Barton
United States Trustee and Court Information
Office of the United States Trustee
844 King Street
Suite 2207
Wilmington,
DE
19801
http://www.justice.gov/ust/r03/wilmington/index.htm
Phone: 302.573.6491
Fax: 302.573.6497
Linda J. Casey
United States Bankruptcy Court
District of Delaware
824 Market Street North
3rd Floor
Wilmington,
DE
19801
http://www.deb.uscourts.gov
Phone: 302.252.2900
Debtors
Case Number |
Debtor Name |
Petition Date |
|---|---|---|
| 15-12263 | Parallel Energy LP | November 09, 2015 |
| 15-12264 | Parallel Energy GP LLC | November 09, 2015 |