DRL Clients filed Involuntary Chapter 7 Bankruptcy for Barrow Shaver Resources Company, LLC

We just had a big development in the oil & gas bankruptcy world. Several Doré Rothberg Law clients joined together to file an Involuntary Chapter 7 Bankruptcy filed for Barrow Shaver Resources Company, LLC on Tuesday, July 23, 2024 in the Southern District of Texas. The Involuntary Chapter 7 Bankruptcy Petition can be found here.

• Company Information: From its website, Barrow Shaver Resources is involved in oil and gas exploration and acquisitions in the East Texas and West Texas Basins. The company is based in Tyler, Texas.
• Case Information: This is an involuntary bankruptcy. Assets and liabilities are unknown at this time and not included in the petition. There is also no list of creditors. A summons has been issued and requires an answer by Barrow Shaver Resources to be filed with the Court within 21 days of service. Schedules and Statement of Financial Affairs will be filed at a later date.
• Doré Rothberg Law filed the involuntary bankruptcy petition. The petitioning creditors are:

• Recommendation: If you are owed money by Barrow Shaver Resources, you should take immediate action to review whether filing a mineral lien is in your best interest. You should also look at whether you received payments between April 24, 2024 and July 23, 2024, as these payments could be subject to claw back by a preference claim. You may have defenses to this claw back, but only if you assert them.

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Laura Crabtree

Associate Attorney | Doré Rothberg Law, P.C.

Houston address | 16225 Park Ten Place Dr., Suite 700 | Houston, Texas | 77084

Fort Worth address | 6300 Ridglea Place, Suite 617 | Ft. Worth, Texas | 76116

281.829.1555

[email protected]?|?www.dorelaw.com