Government & Regulatory | General News
GMX Updates Status, Results of Bankruptcy Asset Auction
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GMX Resources Inc., a company with holdings in the Williston Basin, Denver Julesburg (DJ) Basin and East Texas Basin, has detailed an update in regard to the bankruptcy auction of its assets.
On April 1, 2013, the Company filed a voluntary petition (In re: GMX Resources Inc., Debtor, Case No. 13-11456) for reorganization under chapter 11 of title 11 of the U.S. Code in the Bankruptcy Court for the Western District of Oklahoma. Two of the Company's subsidiaries, Diamond Blue Drilling Co. and Endeavor Pipeline Inc., also filed related petitions with the Bankruptcy Court (Case Nos. 13-11457 and 13-11458, respectively).
Auction Results on August 28, 2013The Company has reported that an auction of substantially all of the assets of the Company and its wholly owned subsidiaries was conducted…
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