Mineral Leases Archives | Amann Burnett Law https://amburlaw.com/tag/mineral-leases/ Mon, 16 Feb 2026 23:51:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Amann Burnett seeks protection for Natural Gas & Oil Exploration Company in New Hampshire Bankruptcy Court https://amburlaw.com/amann-burnett-seeks-protection-for-natural-gas-oil-exploration-company-in-new-hampshire-bankruptcy-court/ https://amburlaw.com/amann-burnett-seeks-protection-for-natural-gas-oil-exploration-company-in-new-hampshire-bankruptcy-court/#respond Mon, 16 Feb 2026 23:51:15 +0000 https://amburlaw.com/?p=1021      On Friday, January 30, 2026 (“Petition Date”) the Debtor, O’Brien Energy Corporation (OERC) filed a voluntary petition under… Read More »

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]]>      On Friday, January 30, 2026 (“Petition Date”) the Debtor, O’Brien Energy Corporation (OERC) filed a voluntary petition under Chapter 11 of the Bankruptcy Code by and through their Attorneys, AMANN BURNETT, PLLC.
     OERC is a privately held oil and natural gas exploration company operating since 1990.  It operates partnerships in Colorado, Nebraska, Wyoming, Oklahoma, Kansas, Louisiana and Texas.  Its drilling prospects are structured as functional allocation, turnkey joint ventures and its partners are high-net worth individuals, primarily founders, board members or officers of public and private companies.  Joint Venture partners contribute the intangible drilling costs and OERC contributes the mineral leases and is responsible for all of the completion costs as well as any drilling overruns.  Partners are not required to contribute any funds above and beyond the turnkey cost. OERC is responsible for providing its partners with a Schedule K-1 at the end of the tax year. Although there is risk associated with oil and gas exploration, OERC gathers and interprets geological information, conducts geological studies and in some cases, employs cutting-edge technology to attempt to reduce risk.  The case, thus far, presents issue involving UCC 9-406 MCVA Liens, Recoupment, Preferences, Cash Collateral, potential Fraudulent Transfers and More?  A virtual smorgasburg for Bankruptcy geeks like us.  
     The New Hampshire Bankruptcy Case Number is 26-10092-KB.  Oil & Gas Bankruptcies are rare in New England for sure.  Contact Attorney William Amann, Esq. with any questions, comments or concerns at wamann@amburlaw.com.  

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