Case Background

On July 15, 2015, Sabine Oil & Gas Corporation and certain subsidiaries filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code to facilitate the restructuring of its balance sheets. Sabine Oil & Gas continues to engage in constructive discussions with its lenders and other stakeholders regarding the terms of a consensual financial restructuring plan and is focused on achieving a resolution as expeditiously as possible.

Sabine expects to conduct business as usual during the restructuring process and does not anticipate any impact on its day-to-day operations.

The Company believes this process will provide an orderly path to restructuring its balance sheet and intends to move through the process as quickly as possible. 

For more information, please visit the Sabine Oil & Gas Corporation Restructuring Page.

Important Information & Dates

Plan & Disclosure Statement

On January 26, 2016, the Debtors filed their Chapter 11 Plan of Reorganization and the Disclosure Statement related thereto.  On March 31, 2016, the Debtors filed their Amended Chapter 11 Plan of Reorganization and the Disclosure Statement related thereto.  The Bankruptcy Court held a hearing to consider the adequacy of the Disclosure Statement on April 28, 2016.  On April 29, 2016, the Bankruptcy Court entered an order approving the Disclosure Statement.  The hearing to consider confirmation of the Second Amended Joint Plan of Reorganization commenced on June 13, 2016.  On July 27, 2016, the Bankruptcy Court entered an order approving the Second Amended Joint Chapter 11 Plan of Reorganization. On August 11, 2016, the Plan became effective.

Please click below to view all documents related to the Plan and Disclosure Statement:

Plan & Disclosure Statement 

Bar Date for Filing Proofs of Claim

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

  • General Bar Date (all creditors other than Governmental Units): December 22, 2015
  • Governmental Unit Bar Date: January 11, 2016

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

 

Dates

December
12

Cancelled: Omnibus Heari...

10:00 a.m. (ET)
January
22

Rescheduled: Omnibus Hea...

11:00 a.m. (ET)
July
15
______
August
17
10:00 a.m. (ET)

Motions to be Heard on August 17th

November
10
10:00 a.m. (ET)
December
16
10:00 a.m. (ET)

Omnibus Hearing

Parties

Debtors' Counsel

Kirkland & Ellis LLP

601 Lexington Avenue
New York, NY   10022
http://www.kirkland.com
Phone: 212.446.4800
Fax: 212.446.4900
Paul M. Basta, P.C.
Jonathan S. Henes, P.C.
Christopher Marcus, P.C.

Kirkland & Ellis LLP

300 North LaSalle
Chicago, IL   60654
http://www.kirkland.com
Phone: 312.862.2000
Fax: 312.862.2200
Ryan B. Bennett
Bradley T. Giordano
Brad Weiland

United States Trustee and Court Information

Office of the United States Trustee

U.S. Federal Office Building
201 Varick Street, Suite 1006
New York, NY   10014
http://www.usdoj.gov/ust/r02
Phone: 212.510.0500
Fax: 212.668.2255
Paul Schwartzberg

United States Bankruptcy Court

Southern District of New York
One Bowling Green
New York, NY   10004-1408
http://www.nysb.uscourts.gov
Phone: 212.668.2870


Debtors

Case Number
Debtor Name
Petition Date
15-11835 Sabine Oil & Gas Corporation July 15, 2015
15-11836 Giant Gas Gathering LLC July 15, 2015
15-11837 Sabine Bear Paw Basin LLC July 15, 2015
15-11838 Sabine East Texas Basin LLC July 15, 2015
15-11839 Sabine Mid-Continent Gathering LLC July 15, 2015
15-11840 Sabine Mid-Continent LLC July 15, 2015
15-11841 Sabine Oil & Gas Finance Corporation July 15, 2015
15-11842 Sabine South Texas Gathering LLC July 15, 2015
15-11843 Sabine South Texas LLC July 15, 2015
15-11844 Sabine Williston Basin LLC July 15, 2015