Rockall Energy has final approval to use cash collateral

Chicago, May 3 – Rockall Energy Holdings, LLC received final approval to use its cash collateral, according to a filing on Tuesday with the U.S. Bankruptcy Court for the Northern District of Texas.

Rockall received approval for its $51 million related debtor-in-possession facility, as previously reported.

Proceeds will be used to fund the wind-down budget.

The Dallas-based oil exploration and production company filed Chapter 11 bankruptcy on March 9 under case number 22-90000.

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