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Alta Mesa Resources granted access to cash collateral through Nov. 21
By Caroline Salls
Pittsburgh, Nov. 7 – Alta Mesa Resources, Inc. obtained a third interim order for the use of the cash collateral of pre-bankruptcy lender agent Wells Fargo Bank, NA, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.
A final hearing is scheduled for Nov. 21.
The cash collateral is being used to fund Alta Mesa’s operations while in bankruptcy.
“The ability of the debtors to obtain liquidity through the use of the cash collateral is vital to the debtors and their efforts to maximize the value of their assets,” the order said.
Under the third interim order, the cash collateral use will expire at 6 p.m. ET on Nov. 21.
Alta Mesa is an onshore oil and gas company based in Houston. It filed for bankruptcy on Sept. 11. The Chapter 11 case number is 19-35133.
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