Bankrupt Lonestar Resources Granted Access to Cash Collateral

Lonestar Resources US Inc. received permission from a federal bankruptcy judge Thursday to access cash collateral needed to see the shale and oil gas producer through the Chapter 11 bankruptcy process.

• Judge David Jones approved the order on an interim basis and a slate of other first day motions
• The company, yet another energy name troubled by low fuel prices and high debt, announced Sept. 15 it and affiliates had reached a restructuring agreement with lenders and filed for bankruptcy on Wednesday
• The case is Lonestar Resources US Inc., 20-34805, U.S. Bankruptcy Court for the Southern District of Texas ...