On March 24, 2020, Echo Energy Partners I, LLC sought protection under Chapter 11 of the Bankruptcy Code (Source). Echo was estimated to have: Assets: $50-$100 Million Liabilities: $100-$500 Million The bankruptcy announcement came just weeks after Echo Energy moved into their new downtown office at 120 Robert S. Kerr Ave, in a building nicknamed […]
Templar Energy and Tapstone Energy executed an Asset Purchase Agreement (APA) dated June 22, 2020, according to case records examined online. Tapstone’s offer of $65 Million will serve as the “Stalking Horse Bid,” and Tapstone is positioned to receive a $1.95 million termination fee should another offer be chosen by Templar at July’s bankruptcy auction. […]
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