Cox: Entities argue for/against statutory lien creditors committee

Chicago, July 7 – Cox Oil Offshore, LLC’s Chapter 11 case may have a new committee, an official committee of statutory lien creditors, appointed, according to multiple filings with the U.S. Bankruptcy Court for the Southern District of Texas.

The request for the appointment of such a committee was made by Cardinal Coil Tubing, LLC and Cardinal Slickline, LLC.

The request comes because certain lienholder entities find that DIP lenders have an imbalance of access and influence, and lienholders need to better be able to protect their interests.

In favor of such a request, Danos, LLC, Archrock Partners Operating LC and Archrock Services LP, Linear Controls, Inc., Vision Production Services, LLC, Adapt Concepts, LLC and Seacor Marine, LLC filed joinders.

Against the request was EP Energy E&P Co., LLC and the debtors themselves.

The Dallas-based drilling company filed bankruptcy on May 14 under Chapter 11 case number 23-90324.

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