Bankrupt Lilis Energy Inc. won court approval of its $46.6 million asset sale to Ameredev Texas LLC following a three-day virtual auction earlier this month.
The sale, approved Friday by Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern District of Texas, follows settlements among key players that were approved last month.
Isgur overruled an objection from Heritage Disposal Corp., the last holdout after all others were withdrawn prior to Friday’s hearing.
A hearing on the oil and gas producer’s Chapter 11 liquidation plan is set for Nov. 17. Isgur reserved the right to revisit the sale ...
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