DIAMONDBACK DRILLING, LLC Bankruptcy Filing
Case Number: 24-60368
DIAMONDBACK DRILLING, LLC filed a 7 chapter bankruptcy in the Eastern District of Texas bankruptcy court on June 19, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-60368.
DIAMONDBACK DRILLING, LLC Filing Information
DIAMONDBACK DRILLING, LLC filed for Chapter 7 bankruptcy on June 19, 2024, with case number 24-60368. The corporation, based at 304 West Woodlawn Street in Kilgore, Texas, has sought protection under the federal bankruptcy laws. Judge Joshua P. Searcy has been assigned to oversee the proceedings. As a Chapter 7 bankruptcy filing, DIAMONDBACK DRILLING, LLC will be liquidating its assets to pay off debts and distribute the proceeds to creditors. This type of bankruptcy provides relief to individuals or businesses unable to pay their debts, allowing them to reorganize or eliminate financial obligations. The court has now become aware of the company's bankruptcy information and will facilitate the process, ensuring a fair distribution of assets and payment to those owed.
DIAMONDBACK DRILLING, LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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DIAMONDBACK DRILLING, LLC Docket Header
Assigned to: Chapter 7 Voluntary Asset |
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| Debtor Diamondback Drilling, LLC, Debtor 304 West Woodlawn Street Kilgore, TX 75662 GREGG-TX Tax ID / EIN: 37-2098062 |
rep. by |
Michael E. Gazette
100 East Ferguson Street Ste. 1000 Tyler, TX 75702 (903) 596-9911 Email: megazette @ suddenlinkmail.com |
| U.S. Trustee US Trustee Office of the U.S. Trustee 110 N. College Ave. Suite 300 Tyler, TX 75702 (903) 590-1450 |