Royalty Committee Bid Shelved In Scanrock Oil Ch. 11

By Clara Geoghegan · March 31, 2025, 9:18 PM EDT

A Texas bankruptcy judge said Monday that a committee to represent mineral rights owners in Scanrock Oil & Gas Inc.'s Chapter 11 isn't currently needed but that he would revisit a...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

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

View Full Scorecard