Sable Permian Resources, LLC

Case No. 20-33193


Case Background

On June 25th, 2020, Sable Permian Resources, LLC and certain of its affiliates (“SPR”), in order to facilitate a restructuring, filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”).

SPR is working with its advisors and stakeholders on a range of strategic alternatives that will maximize value for all stakeholders and position SPR for long-term success.

Below are links to Frequently Asked Questions (“FAQs”) that will address common questions regarding the restructuring process. SPR will continue to keep you informed as it moves through the restructuring process. If you should have any specific questions or concerns not addressed in the FAQs, please call our toll-free information hotline at (844) 627-8453 (US) or (929) 602-1722 (International).

Royalty Owner FAQs

Customer FAQs

Vendor FAQs

Important Information & Dates

Deadline to File Claims

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

  • General Claims Bar Date:  September 21, 2020 at 5:00 p.m. (CT)
  • Governmental Claims Bar Date: December 28, 2020 at 5:00 p.m. (CT)

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

Sale of Assets

On June 29, 2020, the Debtors filed a motion to sell substantially all of their assets. On August 11, 2020, the Bankruptcy Court entered an order approving bidding and auction procedures in connection with such sale. The Auction, if required, will be held on October 2, 2020 at 9:00 a.m. (CT). The Bankruptcy Court will hold a hearing to consider approval of the sale on October 13, 2020 at 1:30 p.m. (CT).

Please click below to view and download the Debtors' Sale Documents:

Sale Documents

Hearing on First Day Motions

A hearing on the Debtors' First Day Motions was held on June 26, 2020 at 11:00 a.m. (CT) before the Honorable Marvin Isgur, United States Bankruptcy Court for the Southern District of Texas, in Courtroom 404, 4th Floor, 515 Rusk Street, Houston, Texas 77002.  A final hearing on certain of the First Day Motions was held on July 23, 2020 at 11:00 a.m. (CT). 

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

First Day Motions

First Day Orders


Dates

October 19 2020 Omnibus Hearing 9:00 a.m. (CT) Agenda for Hea... Add to Calendar
December 28 2020 Governmental Claims Bar Date 5:00 p.m. (CT) Notice of Dead... Add to Calendar

Parties

Debtors' Counsel

  • Latham & Watkins LLP (Los Angeles)

    355 South Grand Avenue
    Suite 100
    Los Angeles, CA   90071
    https://www.lw.com/
    Phone: 213.485.1234
    Fax: 213.891.8763

    Jeffrey E. Bjork

  • Latham & Watkins LLP (Chicago)

    330 North Wabash Avenue, Suite 2800
    Chicago, IL   60611
    https://www.lw.com/
    Phone: 312.876.7700
    Fax: 312.993-9667

    Caroline A. Reckler
    Jeramy D. Webb
    Brett V. Newman
    Jonathan C. Gordon

  • Latham & Watkins LLP (New York)

    885 Third Avenue
    New York, NY   10022
    https://www.lw.com/
    Phone: 212.906.1200
    Fax: 212.751.4864

    George A. Davis

  • Hunton Andrews Kurth LLP

    600 Travis Street, Suite 4200
    Houston, TX   77002
    https://www.huntonak.com/en/
    Phone: 713.220.4200
    Fax: 713.220.4285

    Timothy A. (“Tad”) Davidson II
    Joseph P. Rovira
    Ashley L. Harper

United States Trustee and Court Information

Debtors

Case Number Debtor Name Petition Date
Case Number 20-33193 Debtor Name Sable Permian Resources, LLC Petition Date June 25, 2020
Case Number 20-33195 Debtor Name SPR Stock Holdings, LLC Petition Date June 25, 2020
Case Number 20-33196 Debtor Name Sable Permian Resources Operating, LLC Petition Date June 25, 2020
Case Number 20-33197 Debtor Name SPR Holdings, LLC Petition Date June 25, 2020
Case Number 20-33198 Debtor Name SPRH Finance Corporation Petition Date June 25, 2020
Case Number 20-33199 Debtor Name Sable Permian Resources Corporation Petition Date June 25, 2020
Case Number 20-33200 Debtor Name Sable Permian Resources Finance, LLC Petition Date June 25, 2020
Case Number 20-33201 Debtor Name SPR Finance Corporation Petition Date June 25, 2020
Case Number 20-33202 Debtor Name Sable Land Company, LLC Petition Date June 25, 2020