September 24, 2017 3:11 AM ET

Energy Equipment and Services

Company Overview of Alpha Hunter Drilling, LLC

Company Overview

Alpha Hunter Drilling, LLC owns and operates portable, trailer mounted drilling rigs. The company was incorporated in 2010 and is based in Houston, Texas. Alpha Hunter Drilling, LLC operates as a subsidiary of Magnum Hunter Resources Corp.

777 Post Oak Boulevard

Suite 650

Houston, TX 77056

United States

Founded in 2010

Phone:

832-369-6986

Key Executives for Alpha Hunter Drilling, LLC

Alpha Hunter Drilling, LLC does not have any Key Executives recorded.

Alpha Hunter Drilling, LLC Key Developments

Third Amended Reorganization Plan Approved for Magnum Hunter Resources Corp.

The US Bankruptcy Court approved the third amended plan of reorganization of Magnum Hunter Resources Corp. on April 18, 2016. The debtor has filed its third modified amended plan of reorganization in the Court on April 17, 2016. As per the amended plan, administrative claims, priority tax claims and professional fee claims will be paid in full in cash. DIP facility claims of $200 million, second lien claims and note claims holder will be paid through equity issuance of reorganized debtor on pro rata basis of 31.8%, 36.87% and 31.33%, respectively. Equipment and other note claims will be reinstated. Samson claims will be paid through issuance of Samson note by Bakken Hunter LLC. GUC will be paid in cash in full satisfaction. Intercompany claims and interests will be reinstated. Debtor interests will be cancelled. The plan will be funded from ongoing business operations, cash in hand, exit financing, note and issuance of new common stock.

Third Amended Reorganization Plan Filed by Magnum Hunter Resources Corp.

Magnum Hunter Resources Corp. filed a third amended plan of reorganization in the US Bankruptcy Court on April 14, 2016. As per the amended plan, the Samson claims will be treated as per the settlement. There is no change in treatment of various other claimant classes. The debtor filed third modified amended plan in the Court on April 17, 2016. As per the plan filed, there is no changes in treatment of various claimant classes.

Second Amended Reorganization Plan and Disclosure Statement Filed by Magnum Hunter Resources Corp.

Magnum Hunter Resources Corporation filed a second amended plan of reorganization and related disclosure statement in the US Bankruptcy Court on February 25, 2016. As per the amended plan, the debtor has no other priority claims and other secured claims and if any it will be paid in full in cash. The DIP claims of $200 million will be paid through new equity issuance and it is 31.8%. There is no change in treatment of various other claimant classes.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 3, 2017
Alpha Hunter Drilling, LLC, Shallow Well Contract Drilling Rig Services Business
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