Oil and gas company Approach Resources Inc. got court approval to wind down its estate following its $115.5 million sale to an affiliate of Zarvona Energy LLC in September.
Approach fought through a “very difficult case,” Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern District of Texas said at a telephonic hearing Wednesday, during which he confirmed the company’s Chapter 11 liquidation plan. “2020 was a really tough market to get things done, and you all persevered,” he said.
The Fort Worth, Texas-based company negotiated its bankruptcy sale to Zarvona after a Sam Zell-backed joint venture called ...
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