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Energy XXI cash collateral use expiration date extended to Sept. 30
By Caroline Salls
Pittsburgh, Sept. 7 – Energy XXI Ltd.’s cash collateral use expiration date was extended as part of a stipulation reached with first-lien credit agreement administrative agent Wells Fargo Bank, NA, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of Texas.
The company’s cash collateral use was extended to Sept. 30 from Sept. 7.
Energy XXI, an independent oil and natural gas development and production company based in Houston, filed for bankruptcy on April 14 under Chapter 11 case number 16-31928.
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