Scanrock Oil Royalty Holders Delay Ch. 11 Committee Bid

By Vince Sullivan · March 19, 2025, 2:21 PM EDT

An ad hoc group of royalty interest owners in the Chapter 11 case of Scanrock Oil & Gas Inc. told a Texas bankruptcy judge Wednesday that they will delay their bid...

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Bankruptcy Scorecard

Summary

Scanrock filed for Chapter 11 protection along with several affiliates, saying it was in default under a $50 million secured loan owed to Prosperity Bank after repeated downturns in oil and gas prices, coupled with rising interest rates, hampered its liquidity over the last several years.

Case Number

9:25-bk-90001

Judge

Mark X. Mullin

Venue

U.S. Bankruptcy Court for the Northern District of Alabama

Capital Structure

Total Liabilities:

At Least $66.6 Million

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