Approach Resources gets 30-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Oct. 28 – Approach Resources, Inc. obtained a 30-day extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.

Specifically, the court extended the exclusive plan-filing period through Oct. 28 and the solicitation period through Dec. 28.

Approach said in its motion that the sale transaction with Zarvona III-A, LP is set to close on or around Sept. 30, and the debtors anticipate finalizing and filing a plan of liquidation soon after.

Approach Resources is a Fort Worth-based oil and gas company. The company filed bankruptcy on Nov. 18, 2019 under Chapter 11 case number 19-36444.

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