Black Elk Energy access to cash collateral extended through Oct. 13

By Caroline Salls

Pittsburgh, Oct. 7 – Black Elk Energy Offshore Operations, LLC’s cash collateral use has been extended through Oct. 13, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of Texas.

A revised budget makes $117,988 available for the week ending Oct. 13. The company is also allowed to spend up to $25,000 on independent directors fees.

Black Elk’s cash collateral use was previously scheduled to expire on Oct. 6.

Black Elk Energy is a Houston-based oil and gas company that filed for bankruptcy on Sept. 15. The Chapter 11 case number is 15-34287.

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