September 26, 2017 4:48 AM ET

Energy Equipment and Services

Company Overview of CrossFoot Operating, LLC

Company Overview

CrossFoot Operating, LLC develops Permian based oil and gas CrossFoot Energy properties. The company was incorporated in 2009 and is based in Fort Worth, Texas.

1305 West Magnolia

Suite C

Fort Worth, TX 76104

United States

Founded in 2009

Phone:

817-332-4500

Key Executives for CrossFoot Operating, LLC

CrossFoot Operating, LLC does not have any Key Executives recorded.

CrossFoot Operating, LLC Key Developments

Motion for Asset Sale Approved for CrossFoot Energy, LLC

The US Bankruptcy Court approved the sale of substantially all of the assets of CrossFoot Energy, LLC on June 9, 2016. The Court has authorized the debtor to sell all of its assets to SEI Operating LLC for a purchase price of $0.05 million. As per the order, the debtor has excluded the wells from sale to purchaser.

Motion for Asset Sale Filed by CrossFoot Energy, LLC

CrossFoot Energy, LLC filed a motion in the US Bankruptcy Court for the sale of substantially all its assets on April 27, 2016. The debtor seeks the Court’s approval for the sale of substantially all its assets to William Lynton, the stalking horse bidder, for a purchase price of $0.13 million in cash. To qualify as a qualified bidder, interested parties should submit their bids at least 3 days prior to the date of auction. The proceeds from the sale would be used to pay off the amount owed by the debtor to Prosperity Bank and to pay fees and expenses owed to bankruptcy counsel.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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