Counseled Sabine Oil & Gas through Chapter 11 Cases

Client: Sabine Oil & Gas Corporation

Travis represented Texas-based Sabine Oil & Gas and its subsidiaries, an independent oil and gas exploration and production company with roughly $2.6 billion in outstanding funded debt obligations, in their Chapter 11 cases in the Southern District of New York. After more than a year of litigation, which included multiple motions for derivative standing, Sabine confirmed a plan of reorganization that considerably reduced its funded debt obligations and secured the financial commitments necessary to fund the restructuring and go-forward business needs. In addition, Sabine obtained the bankruptcy court approval needed to reject certain onerous midstream gas gathering agreements and better position the business for post-emergence success. In 2017, the Turnaround Management Association recognized the successful restructuring of Sabine Oil & Gas Corporation with its "Large Company Transaction of the Year Award." *

*Representation prior to joining Dinsmore & Shohl