Gavilan Resources names Mesquite Energy as winning bidder for assets

By Sarah Lizee

Olympia, Wash., Oct. 5 – Gavilan Resources, LLC named Mesquite Energy, Inc. as winning bidder for its assets, according to a notice filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

Venado EF LP was named back-up bidder at the auction, which took place on Friday.

A sale hearing is set for Oct. 8.

Gavilan Resources is a Houston-based private company established in 2017 in partnership with Blackstone to acquire, develop and produce oil and natural gas assets in the Eagle Ford Shale play in South Texas. The company filed bankruptcy on May 15 under Chapter 11 case number 20-32656.

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