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Paradox Resources closes sale of assets to GNG Partners
By Sarah Lizee
Olympia, Wash., March 12 – Paradox Resources, LLC closed the sale of its assets to GNG Partners, LLC, according to a notice filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.
The purchase price is about $17.5 million, as previously reported.
Paradox Resources is a Houston-based midstream company primarily focused on helium processing and carbon capture, utilization and sequestration. The company filed bankruptcy on May 22, 2023 under Chapter 11 case number 23-90558.
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