Saratoga Resources’ access to cash collateral extended through Dec. 4

By Caroline Salls

Pittsburgh, Nov. 20 – Saratoga Resources, Inc.’s cash collateral use has been extended through Dec. 4 from Nov. 20, according to a stipulation filed Friday with the U.S. Bankruptcy Court for the Western District of Louisiana.

The company’s majority first-lien noteholders agreed to the extension.

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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