June 30, 2020
Hunton Andrews Kurth is advising Sable Permian Resources (Sable) in connection with its recent Chapter 11 filing. Sable filed the voluntary petition on June 25, 2020, in the Southern District of Texas, listing approximately $1.32 billion in debt. This filing follows the company’s 2019 out-of-court debt restructuring where Hunton Andrews Kurth also represented the company.
Sable is an oil and gas exploration and production company concentrated on the development of its current assets and the acquisition, development, and optimization of other oil and natural gas properties in the Permian Basin. Based in Houston, Texas, Sable was created in 2017 through the merger of Aubrey McClendon’s American Energy - Permian Basin LLC with its parent company.
Partner Tad Davidson is leading the Hunton Andrews Kurth team advising Sable, along with partner Joseph Rovira and associate Ashley Harper.