IN RE: VPR OPERATING, LLC, et al.

CASE NO. 13-10599-TMD

(Jointly Administered)

In the United States Bankruptcy Court

Western District of Texas,

Austin Division

As of November 7, 2013

GENERAL INFO:

Chapter:             Chapter 11

Filing Date:        March 29, 2013

Official Creditors’ Committee Appointed:  April 15, 2013

 

IMPORTANT DEADLINES/HEARING DATES:

            File Proof of Claim:                                                    August 5, 2013 (for non-governmental entities)

                                                                                                February 3, 2014 (for governmental entities)

            Designate Stalking Horse

                  Bidder(s) or a Designated Purchaser:                September 5, 2013

            Materials Submitted by Other Parties

                  Interested in Participating in Auction:                September 10, 2013

            Live Auction:                                                              September 11, 2013 @ Husch Blackwell, LLP, Austin, TX

            Sale Hearing:                                                             September 17, 2013 @ 9:00 am; Austin Bankruptcy Courtroom No. 1

            Sale Closing:                                                              on or before September 30, 2013

            Hearing to Consider Stipulation With CD Ray

                  Defendants                                                           October 16, 2013 @ 1:00 p.m.; Austin Bankruptcy Courtroom No. 1

            Hearing on Motion for Structured

                  Conversion to Chapter 7 Case                            November 15, 2013 @ 10:30 a.m.; Austin Bankruptcy Courtroom No. 1

            Delfinco Claim Objection Hearing:                           December 5, 2013 @ 1:30 pm; Austin Bankruptcy Courtroom No. 1

            Submit Written Ballot:                                               TBD

            Submit Objection to Plan:                                          TBD

            Confirmation Hearing:                                               TBD – in Austin Courtroom No. 1

 

 

CONTACT FOR QUESTIONS AND COMMENTS:

                            Counsel for the Official Creditors’ Committee

                            husch blackwell llp

                            Stephen W. Lemmon

                            Kell C. Mercer

                            111 Congress Avenue, Suite 1400

                            Austin, Texas 78701

                            (512) 472-5456(telephone)

                            (512) 479-1101 (fax)

                            Email:  stephen.lemmon@huschblackwell.com

                            Email:  kell.mercer@huschblackwell.com

 

 

BANKRUPTCY DOCUMENTS:                                                                                                                                                                                           Documents are presented in PDF format.

                                                                                                                                                                                           Click here to learn more about PDF format.

            VPR OPERATING, LLC (13-10599)

                                 Amended Voluntary Petition (filed April 3, 2013)

                                 Schedules (filed April 29, 2013)

                                 Statement of Financial Affairs (filed April 29, 2013)

                                 List of Equity Security Holders (filed April 29, 2013)

                                 Monthly Operating Report (April 2013)

                                 Monthly Operating Report (May 2013)

                                 Monthly Operating Report (June 2013)

                                 Monthly Operating Report (July 2013)

                                 Monthly Operating Report (August 2013)

                                 Claims Register (as of October 15, 2013)

                                 Monthly Operating Report (September 2013)

 

            VPR CORP (13-10604)

                                 Amended Voluntary Petition (filed April 3, 2013)

                                 Schedules (filed April 29, 2013)

                                 Statement of Financial Affairs (filed April 29, 2013)

                                 List of Equity Security Holders (filed April 29, 2013)

                                 Monthly Operating Report (April 2013)

                                 Monthly Operating Report (May 2013)

                                 Monthly Operating Report (June 2013)

                                 Monthly Operating Report (July 2013)

                                 Monthly Operating Report (August 2013)

                                 Claims Register (as of October 15, 2013)

                                 Monthly Operating Report (September 2013)

 

            VPR (NM) (13-10606)

                                 Amended Voluntary Petition (filed April 3, 2013)

                                 Schedules (filed April 29, 2013)

                                 Statement of Financial Affairs (filed April 29, 2013)

                                 List of Equity Security Holders (filed April 29, 2013)

                                 Claims Register (as of October 15, 2013)

 

            VPR (OK) (13-10607)

                                 Amended Voluntary Petition (filed April 3, 2013)

                                 Schedules (filed April 29, 2013)

                                 Statement of Financial Affairs (filed April 29, 2013)

                                 List of Equity Security Holders (filed April 29, 2013)

                                 Claims Register (as of October 15, 2013)

 

         Notice of Designation as Complex Chapter 11 Bankruptcy Case (filed March 29, 2013)

                 Declaration of Robert Pullen in Support of First Day Motions (filed March 29, 2013)

         Emergency Motion for Interim and Final Orders (A) Authorizing the Debtors to Use Cash Collateral; (B) Requiring Return of Cash Collateral; (C) Authorizing the Debtors to Incur Postpetition Secured, Superpriority Indebtedness; and (D) Scheduling a Final Hearing Thereon (the “DIP Motion”) (filed March 29, 2013)

         Emergency Motion for Order Authorizing the Debtors to:  (A) Pay or Honor Prepetition and Postpetition Oil and Gas Lease Royalty and Other Obligations; and (B) Pay Prepetition Claims of Certain Critical Vendors (filed March 29, 2013)

         Emergency Motion for Order (A) Authorizing the Debtors to Make Adequate Assurance Payments to Utilities; (B) Prohibiting the Utilities From Altering, Refusing, or Discontinuing Services; and (C) Establishing Procedures for Resolving Requests for Additional Assurance (filed March 29, 2013)

         Emergency Motion to (I) Pay Prepetition Wages and Salaries to Employees, (II) Pay Prepetition Employee Payroll Taxes and Benefits and Continue Benefit Programs in the Ordinary Course and (III) Directing Banks to Honor Checks for Payment of Prepetition Employee Obligations (filed March 29, 2013)

         Notice of Amended PostPetition Financing Budget and Amended Interim Postpetition Financing Draw Amount (filed April 3, 2013)

         Application to Employ Patton Boggs LLP as Bankruptcy Counsel, Nunc Pro Tunc to the Petition Date, and Declaration of Robert W. Jones in Support Thereof (filed April 12, 2013)

         Motion to Establish Procedures for Monthly and Interim Compensation and  Reimbursement of Expenses for Case Professionals (filed April 12, 2013)

         Notice of Appointment of Creditors’ Committee (filed April 15, 2013)

         Emergency Motion of Official Creditors’ Committee to Appoint Trustee (filed April 30, 2013)

         Debtor’s Application for Approval of the Employment of Global Hunter Securities, LLC (filed May 1, 2013)

         Application of the Official Creditors’ Committee to Employ Brown McCarroll, LLP (filed May 13, 2013)

         Objection of Official Creditors’ Committee to the DIP Motion (filed May 13, 2013)

         Supplemental Objection of Official Creditors’ Committee to the DIP Motion (filed May 15, 2013)

         Joint Emergency Motion to Appoint William Patterson as Chief Restructuring Officer (filed May 15, 2013)

         Limited Objection of U.S. Trustee to the DIP Motion (filed May 16, 2013)

         Limited Objection of Official Creditors’ Committee to Debtor’s Application for Approval of the Employment of Global Hunter Securities, LLC (filed May 22, 2013)

         Response of U.S. Trustee to Joint Emergency Motion to Appoint William Patterson as Chief Restructuring Officer (filed May 24, 2013)

         Debtors’ Reply in Support of Application to Employ Global Hunter Securities, LLC (filed May 27, 2013)

         Notice of (A) Revised Proposed Order for the DIP Motion and (B) Revised DIP Budget (filed May 27, 2013)

         Memorandum in Support of Oil States Energy Services’ Opposition to Debtors’ Emergency Motion for Interim and Final Orders (A) Authorizing the Debtors to Use Cash Collateral; (B) Requiring Return of Cash Collateral; and (C) Authorizing the Debtors to Incur Postpetition Secured, Superpriority Indebtedness (filed May 27, 2013)

         Supplemental Objection of Oil Dog Pipe Rentals, LP to Debtors’ Emergency Motion for Interim and Final Orders (A) Authorizing the Debtors to Use Cash Collateral; (B) Requiring Return of Cash Collateral; and (C) Authorizing the Debtors to Incur Postpetition Secured, Superpriority Indebtedness (filed May 27, 2013)

         Letter of Cash Offer on Specific Oklahoma Gas Production Wells filed by Interested Party ExplorNation, Inc. (filed May 30, 2013)

         Official Committee of Creditors’ Submission Regarding Final Cash Collateral/DIP Order (filed June 3, 2013)

         Victory Park Lenders’ Response to Official Committee of Creditors’ Submission Regarding Final Cash Collateral/DIP Order (filed June 3, 2013)

         Debtors’ Motion for Order Extending the Deadline by Which the Debtors May Remove Civil Actions (filed June 4, 2013)

         Debtors’ Motion for Order Extending the Deadline to Assume or Reject Unexpired Leases of Nonresidential Real Property (filed June 28, 2013)

         Application to Employ Holland & Knight LLP as Bankruptcy Counsel, Nunc Pro Tunc to July 1, 2013, and Declaration of Robert W.  Jones in Support Thereof (filed July 1, 2013)

         Motion for Orders (I) Approving the Sale Procedures and the Form and Manner of Notice of the Sale of Certain Assets and the Assumption and Assignment of Certain Executory Agreements; (II) Authorizing and Approving the Sale of Certain Assets and the Assumption of Certain Executory Agreements; and (III) Waiving the 14-Day Stay of Fed. R. Bankr. P. 6004(h) and 6006(d) (filed July 10, 2013)

         Debtors’ Motion to Approve Stipulation With Agave Energy Company (filed July 10, 2013)

         Limited Objection of Official Creditors’ Committee to Debtors’ Proposed Bidding Procedures (filed July 19, 2013)

         Debtors’ Notice of Proposed Form of Asset Purchase Agreement (filed August 2, 2013)

         Joint Motion to Sever and Consolidate (filed August 22, 2013)

         Stipulation Regarding Extension of PostPetition Financing Maturity Date (filed August 30, 2013)

         Notice of Amended Sale Procedures and Sale Timetable (filed September 6, 2013)\

         Notice of Designation of Stalking Horse Bidders (filed September 9, 2013)

         Committee’s Limited Objection to Sale Motion (filed September 13, 2013)

         Trustee’s Limited Objection to Sale (filed September 13, 2013)

         Debtors’ Motion for Order Authorizing Payment of Asset Sale Proceeds to Secured Creditor Delfinco, LP (filed September 20, 2013)

         Debtors’ Motion for Order Authorizing Payment of Asset Sale Proceeds to Secured Creditor Victory Park Credit Opportunities, LP (filed September 20, 2013)

         Committee’s Response to Debtors’ Motion for Order Authorizing Payment of Assets Sale Proceeds to Secured Creditor Victory Park Credit Opportunities (filed September 27, 2013)

         M&M Lien Holders’ Objection to Debtors’ Motions Authorizing Payment of Sale Proceeds to Secured Creditors and Cross Motion for Adequate Protection Payments (filed September 27, 2013)

         C.D. Ray Creditors’ Motion to Alter or Amend Orders Approving (I) Sale of Certain Assets and (II) Assumption and Assignment of Certain Executory Agreements (filed September 27, 2013)

         CD Ray Creditors’ Objection to Debtors’ Motion for Order Authorizing Payment of Asset Sale Proceeds to Secured Creditor Delfinco, LP (filed September 27, 2013)

         CD Ray Creditors’ Objection to Debtors’ Motion for Order Authorizing Payment of Asset Sale Proceeds to Secured Creditor Victory Park Credit Opportunities, LP (filed September 27, 2013)

         Elite Well Services LLC and Par 5 Energy Services LLC’ Objection to Debtors’ Motion for Order Authorizing Payment of Asset Sale Proceeds to Secured Creditor Delfinco, LP (filed September 27, 2013)

         Elite Well Services LLC and Par 5 Energy Services LLC’ Objection to Debtors’ Motion for Order Authorizing Payment of Asset Sale Proceeds to Secured Creditor Victory Park Credit Opportunities, LP  (filed September 27, 2013)

         Committee’s Application to Employ Newera Consulting, LLC as Financial Advisors (filed September 30, 2013)

         Debtors’ Omnibus Reply in Support of Motions to Pay Sale Proceeds to Secured Creditors and Response to Objections Thereto (filed October 2, 2013)

         Gray Wireline Services, Inc.’s Amended Motion for Leave to File Untimely Proof of Claim (filed October 4, 2013)

         Second Stipulation Regarding Extension of PostPetition Financing Maturity Date (filed October 7, 2013)

         Debtors’ Emergency Motion to Approve Stipulation With C.D. Ray Defendants (filed October 9, 2013)

         Debtors’ Ex Parte Motion to Extend the Deadline to Assume or Reject Lease of Non-Residential Real Property (October 25, 2013)

         Committee’s Motion for a Structured Conversion to a Case Under Chapter 7 (October 31, 2013)

 

 

CLAIM OBJECTION DOCUMENTS:

         Official Committee of Creditors’ Objection to the Claim of Victory Park Credit Opportunities, LP and Affiliates (filed July 26, 2013)

         Official Committee of Creditors’ Objection to the Scheduled Claim of Delfinco, LP (filed July 26, 2013)

         Victory Park Lenders’ Response to Committee’s Objection to Claim (filed August 16, 2013)

         Delfinco, LP’s Response to Committee’s Objection to Claim (filed August 16,2 013)

 

 

DISCOVERY-RELATED DOCUMENTS:

         Notice of Intention to Conduct Rule 2004 Examination of Representative(s) of Victory Park Credit Opportunities Master Fund, Ltd.

         Notice of Intention to Conduct Rule 2004 Examination of Representative(s) of Victory Park Credit Opportunities LP

         Notice of Intention to Conduct Rule 2004 Examination of Representative(s) of Victory Park Credit Opportunities Intermediate Fund, LP.

         Notice of Intention to Conduct Rule 2004 Examination of Representative(s) of Victory Park Management, LLC

         Notice of Intention to Conduct Rule 2004 Examination of Representative(s) of Victory Park Capital Advisors, LLC

         Notice of Intention to Conduct Rule 2004 Examination of Brendon Carroll

         Notice of Intention to Conduct Rule 2004 Examination of Mathew Ray

         Notice of Intention to Conduct Rule 2004 Examination of Richard Levy

         Motion to Quash Notices of Rule 2004 Examinations and Objections to Same (filed May 28, 2013

         Agreed Order Resolving Motion to Quash Notices of Rule 2004 Examinations and Objections to Same (entered June 13, 2013)

         Amended Notice of Intent to Conduct Rule 2004 Examination of Matthew Ray

         Notice of Intent to Conduct Rule 2004 Examination of Representative(s) of Delfinco, LP Via Video Conference

         Amended Notice of Intent to Conduct Rule 2004 Examination of Richard Levy via Video Conference

 

 

STANDING ORDERS:

         Interim Order Granting the DIP Motion (entered April 8, 2013)

         Order Granting Emergency Motion for Order Authorizing the Debtors to:  (A) Pay or Honor Prepetition and Postpetition Oil and Gas Lease Royalty and Other Obligations; and (B) Pay Prepetition Claims of Certain Critical Vendors (entered April 8, 2013)

         Order Granting Emergency Motion for Order (A) Authorizing the Debtors to Make Adequate Assurance Payments to Utilities; (B) Prohibiting the Utilities From Altering, Refusing, or Discontinuing Services; and (C) Establishing Procedures for Resolving Requests for Additional Assurance (entered April 8, 2013)

         Order Granting Emergency Motion to (I) Pay Prepetition Wages and Salaries to Employees, (II) Pay Prepetition Employee Payroll Taxes and Benefits and Continue Benefit Programs in the Ordinary Course and (III) Directing Banks to Honor Checks for Payment of Prepetition Employee Obligations (entered April 8, 2013)

         Amended Order Granting Application to Employ Patton Boggs LLP as Bankruptcy Counsel, Nunc Pro Tunc to the Petition Date, and Declaration of Robert W. Jones in Support Thereof (entered May 20, 2013)

         Order Granting Debtor’s Motion to Approve Stipulation With Sunoco Partners Marketing & Terminals L.P. (entered May 31, 2013)

         Agreed Order Authorizing the Retention of William Patterson as the Chief Restructuring Officer for the Debtors (filed June 4, 2013)

         Order Mooting Emergency Motion to Appoint Trustee (entered June 11, 2013)

         Final Order (A) Authorizing Use of Cash Collateral and Granting Adequate Protection; (B) Requiring Delivery of Cash Collateral; (C) Authorizing Debtors in Possession to Obtain PostPetition Financing; and (D) Granting Liens, Security Interests and Superpriority Claims (entered June 11, 2013)

         Order Granting Application of the Official Creditors’ Committee to Employ Brown McCarroll, LLP (entered June 12, 2013)

         Agreed Order Resolving Motion to Quash Notices of Rule 2004 Examinations and Objections to Same (entered June 13, 2013)

         Order Granting Debtors’ Application for Approval of the Employment of Global Hunter Securities, LLC, Nunc Pro Tunc to the Petition Date, as Financial Advisors and Investment Banker for the Debtors (entered June 17, 2013)

         Order Granting Motion to Establish Procedures for Monthly and Interim Compensation and Reimbursement of Expenses for Case Professionals (entered June 18, 2013)

         Confidentiality and Protective Order (entered June 19, 2013)

         Order Granting Debtors’ Motion for Order Extending the Deadline by Which the Debtors May Remove Civil Actions (entered June 27, 2013)

         Order Approving Bid and Sale Procedures (entered July 23, 2013)

         Order Granting Application to Employ Holland & Knight LLP as Bankruptcy Counsel (entered July 23, 2013)

         Order Allowing Extension of Time to Assume or Reject Unexpired Nonresidential Real Property Leases (entered July 23, 2013)

         Order Granting Joint Motion to Sever and Consolidate (entered August 26, 2013)

         Order Approving (I) Sale of Certain Assets and (II) Assumption and Assignment of Certain Executory Agreements (entered September 18, 2013)

         Order Authorizing and Approving (I) the Sale of Oklahoma Assets and All “Conventional” New Mexico Assets Free and Clear to Stanolind Oil and Gas LP; (II) the Debtors’ Entry Into and Performance of Their Obligations Under the Purchase and Sale Agreement; and (III) the Debtors’ Assumption and Assignment of Certain Executory Agreements (entered September 18, 2013)

         Order Scheduling the Consideration of Distributions to Certain Debtors (entered September 18, 2013)

         Agreed Order Regarding the Motion to Alter or Amend Orders Approving (I) Sale of Certain Assets and Assignment of Certain Executory Agreements (entered October 4, 2013)

         Order Granting Debtors’ Motion Authorizing Payment of Asset Sale Proceeds to Secured Creditor Delfinco, LP (entered October 9, 2013)

         Order Granting Debtors’ Motion to Approve Stipulation with C.D. Ray Defendants (October 16, 2013)

         Order Granting The Official Creditors Committee’s Application to Employ Newera Consulting, LLC as Financial Advisors (October 29, 2013)

         Order Granting Gray Wireline Services, Inc.’s Leave to File Untimely Proof of Claim (November 4, 2013)

         Order Granting Debtors’ Ex Parte Motion to Extend Deadline to Assume or Reject Lease of Non-Residential Real Property (November 4, 2013)

 

 

ADVERSARY CASE NO. 13-01105

ELITE WELL SERVICES LLC and PAR FIVE ENERGY SERVICES LLC

v

VICTORY PARK CREDIT OPPORTUNITIES, LP, VICTORY PARK CREDIT OPPORTUNITIES MASTER FUND I, LLC,

VICTORY PARK CREDIT OPPORTUNITIES FUND, LP, VICTORY PARK MANAGEMENT, LLC and DELFINCO, LP

         Complaint to Determine Extent, Validity and Priority of Liens (filed July 26, 2013)

         Amended Complaint to Determine Extent, Validity and Priority of Liens (filed August 15, 2013)

         Defendants’ Motion to Dismiss Plaintiffs’ Amended Complaint (filed September 4, 2013)

         Plaintiff’s Response to Defendants’ Motion to Dismiss Plaintiffs’ Amended Complaint (filed September 25, 2013)

         Defendants’ Reply to Plaintiffs’ Response to Defendants’ Motion to Dismiss Plaintiffs’ Amended Complaint (filed October 2, 2013)

         Order Granting Defendants’ Motion to Dismiss Plaintiffs’ Amended Complaint (October 29, 2013)

 

 

ADVERSARY CASE NO. 13-01106

OFFICIAL CREDITORS’ COMMITTEE

v

VICTORY PARK CREDIT OPPORTUNITIES, LP, VICTORY PARK CREDIT OPPORTUNITIES MASTER FUND I, LLC,

VICTORY PARK CREDIT OPPORTUNITIES FUND, LP and VICTORY PARK MANAGEMENT, LLC

         Plaintiff’s Original Complaint (filed July 26, 2013)

         Defendants’ Motion to Dismiss Plaintiff’s Original Complaint (filed August 21, 2013)

         Plaintiff’s Response to Defendants’ Motion to Dismiss Plaintiff’s Original Complaint (filed September 16, 2013)

         Order Denying Defendants’ Motion to Dismiss Plaintiff’s Original Complaint (October 17, 2013)

         Defendants’ Answer to Plaintiff’s Original Complaint (November 7, 2013)

 

 

ADVERSARY CASE NO. 13-01116

VICTORY PARK RESOURCES (NM), LLC

v

C.D. RAY, LLC, C.D. (CHARLIE) RAY, ROY C. WILLIAMSON AND ROSS DUNCAN

 

C.D. RAY, LLC, C.D. (CHARLIE) RAY, ROY C. WILLIAMSON AND ROSS DUNCAN

v.

VICTORY PARK RESOURCES (NM), LLC. VICTORY PARK RESOURCES CORP. AND VPR OPERATING, LLC

         Notice of Removal (filed August 5, 2013)