Extraction Oil & Gas’s Confirmation of Reorganization Plan


Paul, Weiss advised an ad hoc group of unsecured noteholders in the prearranged chapter 11 restructuring of Extraction Oil & Gas, Inc.

Extraction Oil & Gas, Inc. obtained approval of its plan for reorganization in the U.S. Bankruptcy Court for the District of Delaware on December 22. The company filed for chapter 11 protection on June 14, citing its $1.7 billion debt burden.

Extraction Oil & Gas, Inc. is one of the largest oil and gas exploration and production companies in the Rocky Mountain region.

The Paul, Weiss team included restructuring partners Andrew Rosenberg (Picture) and Alice Eaton; executive compensation partner Andrew Gaines; tax partner Robert Holo; corporate partners Austin Witt, David Huntington and Jeffrey Marell and counsel Ji Lu and Jason Tyler; litigation partner William Clareman; real estate partner Peter Fisch; and antitrust counsel Yuni Sobel and Marta Kelly.

Involved fees earner: William Clareman – Paul Weiss Rifkind Wharton & Garrison; Alice Eaton – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; David Huntington – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Ji Lu – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Marell – Paul Weiss Rifkind Wharton & Garrison; Andrew Rosenberg – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Jason Tyler – Paul Weiss Rifkind Wharton & Garrison; Austin Witt – Paul Weiss Rifkind Wharton & Garrison; Robert Holo – Simpson Thacher & Bartlett;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Simpson Thacher & Bartlett;

Clients: Extraction Oil & Gas, LLC – ad hoc Group of Unsecured Noteholders;

Author: Ambrogio Visconti