Saratoga Resources committee requests retention of Lugenbuhl, Wheaton

By Mark Reccek

Bethlehem, Pa., Aug. 12 – Saratoga Resources Inc.'s official committee of unsecured creditors requested the employment of Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel to provide legal services in the company’s Chapter 11 case, according to a Tuesday filing with the U.S. Bankruptcy Court for the Western District of Louisiana.

The firm would be responsible for consulting with the company concerning its Chapter 11 cases, preparing and reviewing pleadings, motions and correspondence, appearing in court on behalf of the company, providing legal counsel to the committee and analyzing the proposed use of cash collateral and/or debtor-in-possession financing.

The firm would also advise the committee with respect to rights, duties and powers regarding the Chapter 11 cases, assist the committee in analyzing the claims of the company’s creditors in negotiations and terms of the sale plan, assist with communicating with the creditor body, assist the committee in determining a course of action that best serves the interests of the unsecured creditors and providing other legal services that may be needed and relevant.

The compensation for legal services would range from $100 to $375 per hour.

According to the court filing, “Given the nature of these cases, the committee believes the retention of Lugenbuhl as its counsel is appropriate and necessary.”

Saratoga Resources is an oil and natural gas exploration and production company based in Houston. The company filed for bankruptcy on June 18 under Chapter 11 case number 15-50748.

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