Recent Case Highlights Opportunity for Distressed Exploration and Production Companies

On March 8, 2016, a bankruptcy court in the Southern District of New York issued a much-anticipated decision, In re Sabine Oil & Gas Corporation,1 that will undoubtedly influence the reorganization strategies of certain exploration and production (E&P) companies and have a significant impact on midstream companies.

Filed under:
USA, New York, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Skadden Arps Slate Meagher & Flom LLP, United States bankruptcy court
Authors:
Ron E. Meisler , George N. Panagakis , Elsa Andrianifahanana
Location:
USA
Firm:
Skadden Arps Slate Meagher & Flom LLP