Gavilan Resources exclusive plan filing period extended to Nov. 13

By Sarah Lizee

Olympia, Wash., Oct. 16 – Gavilan Resources, LLC obtained an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Friday in the U.S. Bankruptcy Court for the Southern District of Texas.

The exclusive plan filing period was extended through Nov. 13 and the solicitation period through Jan. 21.

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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