October 1, 2020
Hunton Andrews Kurth LLP is advising Lonestar Resources US Inc. (Lonestar) in connection with its voluntary Chapter 11 petition, filed in the Southern District of Texas on September 30, 2020. The bankruptcy filings lists the debtors having $560 million in assets and $626 million in liabilities. The debtors filed a prepackaged plan of reorganization. The prepackaged plan of reorganization follows the company’s September 15, 2020 announcement that it entered into a restructuring support agreement to eliminate approximately $390 million in aggregate debt obligations and preferred equity interests.
Lonestar is an independent energy company, focused on the development, production and acquisition of unconventional oil, natural gas liquids and natural gas properties in the Eagle Ford Shale in Texas.
Partner Tad Davidson is leading the Hunton Andrews Kurth team advising Lonestar, along with associates Ashley Harper and Philip Guffy.