Calpine obtains court OK to force Rosetta to produce oil and gas lease documents

By Caroline Salls

Pittsburgh, June 8 - Calpine Corp. obtained court approval to force Rosetta Resources, Inc. to produce documents in connection with assumption or rejection of oil and gas leases, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Rosetta bought interests in the leases when it purchased substantially all of the oil and gas assets of Calpine and subsidiaries Calpine Gas Holdings LLC and Calpine Fuels Corp.

According to the motion, all of the requested information is necessary for Calpine to determine whether to assume or reject leases.

Calpine said it has until July 18 to assume or reject all of its unexpired leases, and, although it believes it will get all the requested information from Rosetta, it asked the court to force production "out of an abundance of caution" in light of the impending rejection or assumption deadline.

Calpine, a San Jose, Calif., power company, filed for bankruptcy on Dec. 20, 2005. Its Chapter 11 case number is 05-60200.

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