Former Moriah Powder River wins approval to access cash collateral

By Caroline Salls

Pittsburgh, Dec. 12 – US Realm Powder River, LLC, formerly Moriah Powder River, LLC, received court approval to use the cash collateral of lender Powder River VPP, LLC on an interim basis, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Wyoming.

The final hearing is scheduled for Jan. 14.

“The purpose of the use of cash collateral is to fund the debtor’s operations and reorganization expenses to get the debtor through confirmation of a proposed plan of reorganization,” according to the motion.

Moriah Powder River is a Denver-based oil and natural gas exploration and production company. The company filed bankruptcy on Oct. 31 under Chapter 11 case number 19-20699.

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