Black Elk granted interim access to $2.2 million of cash collateral

By Caroline Salls

Pittsburgh, Dec. 16 – Black Elk Energy Offshore Operations, LLC received interim court approval to use $2.2 million in cash collateral, according to an order filed Dec. 15 with the U.S. Bankruptcy Court for the Southern District of Texas.

The company said the cash was obtained from the release of bond collateral.

The final hearing is scheduled for Jan. 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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