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Energy XXI cash collateral use expiration date extended to Dec. 31
By Caroline Salls
Pittsburgh, Nov. 18 – 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 Thursday filing with the U.S. Bankruptcy Court for the Southern District of Texas.
The company’s cash collateral use was extended to Dec. 31 from Nov. 15.
Energy XXI, an independent oil and natural gas development and production company based in Houston, filed for bankruptcy on April 14, 2016 under Chapter 11 case number 16-31928.
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