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Representation: Cornerstone E&P Company - Debtor Representation
Haynes and Boone Team: Albergotti, Robert D., Everett, Scott W., Highsmith, Autumn D., Pezanosky, Stephen M.
Services: Bankruptcy and Business Restructuring, Debtors and Debtors-in-Possession, Energy and Petrochemical Industry
Description: Represented an oil and gas exploration and production company and its affiliate in their Chapter 11 proceedings in the Northern District of Texas. The court has approved a unique vendor-financing program in lieu of traditional DIP financing, which allowed Cornerstone to finish completion operations on vital wells.