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:
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.
First Day Hearing
Second Day Hearing
Motions to be Heard on August 17th
Section 341 Meeting of Creditors
General Claims Bar Date
Governmental Bar Date
Hearing to Consider Motions and Joinders
Cancelled: Hearing on Standing Motions
Disclosure Statement Hearing
Administrative Claim Bar Date
Kirkland & Ellis LLP
601 Lexington Avenue
New York, NY 10022
Paul M. Basta, P.C.
Jonathan S. Henes, P.C.
Christopher Marcus, P.C.
Kirkland & Ellis LLP
300 North LaSalle
Chicago, IL 60654
Ryan B. Bennett
Bradley T. Giordano
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
United States Bankruptcy Court
Southern District of New York
One Bowling Green
New York, NY 10004-1408
|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|