Sanchez Energy Corporation

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Case overview

Case Number:

4:19-bk-34508

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 12, 2025

    5th Circ. Sanchez Ruling Nixes Double-Dip Ch. 11 Decision

    A recent Fifth Circuit decision that stripped unsecured creditors of majority control over oil driller Sanchez Energy criticized a Texas court for letting the lower-ranked investors "have their cake and eat it too," finding that a bankruptcy judge erred in allowing unsecured creditors to recover the value of property that already had been returned.

  2. August 04, 2023

    Sanchez Energy's Unsecured Creditors Win Majority Stake

    A Texas bankruptcy judge has ended a yearslong dispute over recoveries from oil driller Sanchez Energy's 2020 Chapter 11 plan, finding unsecured creditors are entitled to the majority of the shares in the now reorganized and renamed company.