Current Report Filing (8-k)
March 04 2016 - 5:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 8, 2016
Escalera Resources Co.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Maryland
|
|
1-33571
|
|
830214692
|
(State or other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
|
|
|
1675 Broadway, Suite 2200, Denver, CO
|
|
80202
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Registrant’s telephone number, including area code: (303) - 794-8445
Not Applicable
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
On November 5, 2015, Escalera Resources Co. (“Escalera” or the “Company”) filed a voluntary petition in the United States Bankruptcy Court for the District of Colorado (the “Court”) seeking relief under the provisions of Chapter 11 of Title 11 of the United States Code. The Company’s Chapter 11 case is being administered as, In re: Escalera Resources Co., Case No. 15-22395-TBM (the “Bankruptcy Case”). Escalera has continued to operate the business as debtors-in-possession under the jurisdiction of the Court.
On February 8, 2016, the Company filed with the United States Trustee, and subsequently with the Court, its monthly operating report for the period ended December 31, 2015 (the “Monthly Operating Report”). The Monthly Operating Report is attached hereto as Exhibit 99.1.
The information in this Current Report on Form 8-K furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” by the Company for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section, and they shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. By filing this Current Report on Form 8-K and furnishing this information pursuant to Item 7.01, the Company makes no admission as to the materiality of any information in this Current Report on Form 8-K, including Exhibit 99.1, that is required to be disclosed solely by Regulation FD.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is furnished with this Current Report on Form 8-K:
Exhibit 99.1 – Monthly Operating Report for the period ended December 31, 2015
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
|
ESCALERA RESOURCES CO.
|
|
|
|
Date: March 3, 2016
|
|
By:
|
|
/s/ Adam Fenster
|
|
|
Name:
|
|
Adam Fenster
|
|
|
Title:
|
|
Chief Financial Officer
|
Exhibit 99.1
|
|
|
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
MONTHLY OPERATING REPORT
|
|
|
|
CHAPTER 11
|
CASE NUMBER:
|
15-22395-TBM
|
|
|
Form 2-A
COVER SHEET
For Period End Date: December 31, 2015
|
|
|
|
|
Accounting Method:
|
☒
|
Accrual Basis
|
☐
|
Cash Basis
|
|
|
|
|
|
|
THIS REPORT IS DUE 21 DAYS AFTER THE END OF THE MONTH
|
|
|
|
|
|
Mark One Box for Each Required Document:
|
|
|
|
Debtor must attach each of the following documents unless the U. S. Trustee has waived the requirement in writing. File the original with the Clerk of Court. Submit a duplicate, with original signature, to the U. S. Trustee.
|
Report/Document Attached
|
|
Previously Waived
|
|
|
REQUIRED REPORTS/DOCUMENTS
|
|
|
|
|
|
|
☒
|
|
☐
|
|
1.
|
Cash Receipts and Disbursements Statement (Form 2-B
|
|
|
|
|
|
|
☒
|
|
☐
|
|
2.
|
Balance Sheet (Form 2-C)
|
|
|
|
|
|
|
☒
|
|
☐
|
|
3.
|
Profit and Loss Statement (Form 2-D)
|
|
|
|
|
|
|
☒
|
|
☐
|
|
4.
|
Supporting Schedules (Form 2-E)
|
|
|
|
|
|
|
☒
|
|
☐
|
|
5.
|
Quarterly Fee Summary (Form 2-F)
|
|
|
|
|
|
|
☒
|
|
☐
|
|
6.
|
Narrative (Form 2-G)
|
|
|
|
|
|
|
☒
|
|
☐
|
|
7.
|
Bank Statements for All Bank Accounts
|
|
|
|
|
|
(Redact all but last 4 digits of account number and remove check images)
|
☒
|
|
☐
|
|
8.
|
Bank Statement Reconciliations for all Bank Accounts
|
|
|
|
|
|
|
n/a
|
|
|
|
9.
|
Evidence of insurance for all policies renewed or replaced during month
|
|
|
|
|
|
|
I declare under penalty of perjury that the following Monthly Operating Report, and any
attachments thereto are true, accurate and correct to the best of my knowledge and belief.
|
|
|
|
Executed on:
|
2/8/2016
|
Print Name:
|
Adam Fenster
|
|
|
Signature:
|
/s/ Adam Fenster
|
|
|
Title:
|
Chief Financial Officer
|
Rev. 1/15/14
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-B
CASH RECEIPTS AND DISBURSEMENTS STATEMENT
For Period: December 1, 2015 to December 31, 2015
CASH FLOW SUMMARY
|
|
|
|
|
|
|
|
|
|
|
Current Month
|
|
|
Accumulated
|
|
|
|
|
|
|
|
|
|
1.
|
Beginning Cash Balance
|
$
|
10,784,241.58
|
(1)
|
$
|
10,037,754.37
|
(1)
|
|
|
|
|
|
|
|
|
2.
|
Cash Receipts
|
|
|
|
|
|
|
|
Operations
|
|
1,224,788.15
|
|
|
2,369,700.29
|
|
|
Sale of Assets
|
|
0
|
|
|
0
|
|
|
Loans/advances
|
|
0
|
|
|
0
|
|
|
Other
|
|
0
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
Total Cash Receipts
|
$
|
1,224,788.15
|
|
$
|
2,369,700.29
|
|
|
|
|
|
|
|
|
|
3.
|
Cash Disbursements
|
|
|
|
|
|
|
|
Operations
|
|
2,969,797.86
|
|
|
3,368,222.79
|
|
|
Debt Service/Secured loan payment
|
|
0
|
|
|
0
|
|
|
Professional fees/U.S. Trustee fees
|
|
0
|
|
|
0
|
|
|
Professional fees paid from retainer (e.g. COLTAF accts)
|
|
0
|
|
|
0
|
|
|
Other
|
|
0
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
Total Cash Disbursements
|
$
|
2,969,797.86
|
|
$
|
3,368,222.79
|
|
|
|
|
|
|
|
|
|
4.
|
Net Cash Flow (Total Cash Receipts less
|
|
|
|
|
|
|
|
Total Cash Disbursements)
|
|
(1,745,009.71)
|
|
|
(998,522.50)
|
|
|
|
|
|
|
|
|
|
5.
|
Ending Cash Balance (to Form 2-C)
|
$
|
9,039,231.87
|
(2)
|
$
|
9,039,231.87
|
(2)
|
CASH BALANCE SUMMARY
|
|
|
|
|
|
Financial Institution
|
|
BookBalance
|
|
Petty Cash
|
None
|
$
|
0.00
|
|
|
|
|
|
|
DIP Operating Account
|
Vectra Bank – 5792483439
|
|
697,451.01
|
|
|
|
|
|
|
DIP State Tax Account
|
None
|
|
0.00
|
|
|
|
|
|
|
DIP Payroll Account
|
None
|
|
0.00
|
|
|
|
|
|
|
Other Operating Account
|
Vectra Bank – 5790706534
|
|
7,814,778,72
|
|
|
|
|
|
|
|
American National Bank – 60161310
|
|
82,394.29
|
|
|
|
|
|
|
Retainers held by professionals (i.e. COLTAF)
|
Per Form 2-E
|
|
444,607.85
|
|
|
|
|
|
|
TOTAL (must agree with Ending Cash Balance above)
|
$
|
9,039,231.87
|
(2)
|
|
(1)
| |
Accumulated beginning cash balance is the cash available at the commencement of the case and retainers. |
Current month beginning cash balance should equal the previous month's ending balance.
|
(2)
| |
All cash balances should be the same. |
Rev. 1/15/14
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-B
CASH RECEIPTS AND DISBURSEMENTS STATEMENT
For Period: December 1, 2015 to December 31, 2015
CASH RECEIPTS DETAIL
|
Account No:
|
5792483439
|
(attach additional sheets as necessary)
|
|
|
|
|
|
|
|
Date
|
|
Payer
|
|
Description
|
|
Amount
|
|
12/1/2015
|
|
Kerr-McGee Oil & Gas
|
|
Revenue - non-operated properties
|
$
|
880.44
|
|
12/1/2015
|
|
Anadarko Petroleum Corp
|
|
Revenue - non-operated properties
|
|
4,335.16
|
|
12/1/2015
|
|
Cathy Reynolds
|
|
Sale of office furniture
|
|
75.00
|
|
12/1/2015
|
|
Extreme Petroleum
|
|
Revenue - non-operated properties
|
|
25.00
|
|
12/1/2015
|
|
Samson Resources Company
|
|
Revenue - non-operated properties
|
|
119.35
|
|
12/1/2015
|
|
Sheridan Production Co, LLC
|
|
Revenue - non-operated properties
|
|
137.69
|
|
12/1/2015
|
|
Aethon Energy Operating LLC
|
|
Revenue - non-operated properties
|
|
789.48
|
|
12/1/2015
|
|
Peak Powder River Resources
|
|
Revenue - non-operated properties
|
|
380.02
|
|
12/1/2015
|
|
HHE - AS - 2005
|
|
Joint interest billing reimbursement
|
|
24.93
|
|
12/1/2015
|
|
Mountain Energy
|
|
Joint interest billing reimbursement
|
|
13,599.04
|
|
12/1/2015
|
|
Thunder Oil and Gas
|
|
Joint interest billing reimbursement
|
|
9.37
|
|
12/1/2015
|
|
Jackal Oil Company
|
|
Joint interest billing reimbursement
|
|
12.47
|
|
12/1/2015
|
|
SM Energy
|
|
Revenue - non-operated properties
|
|
6,671.87
|
|
12/1/2015
|
|
SM Energy
|
|
Revenue - non-operated properties
|
|
2,711.00
|
|
12/1/2015
|
|
Memorial Production Operating
|
|
Revenue - non-operated properties
|
|
532.36
|
|
12/2/2015
|
|
Societe Generale/New York
|
|
Settlement of natural gas hedges
|
|
330,000.00
|
|
12/3/2015
|
|
Ultra Resources
|
|
Revenue - non-operated properties
|
|
27.64
|
|
12/7/2015
|
|
Keith L. Mohn & Marlene Mohl
|
|
Joint interest billing reimbursement
|
|
144.67
|
|
12/7/2015
|
|
Chevron USA Inc
|
|
Revenue - non-operated properties
|
|
1,345.62
|
|
12/7/2015
|
|
Travelers
|
|
Insurance Reimbursement
|
|
432.00
|
|
12/7/2015
|
|
Oasis Petroleum North America
|
|
Revenue - non-operated properties
|
|
1,314.04
|
|
12/7/2015
|
|
Carbon Creek Energy, LLC
|
|
Revenue - non-operated properties
|
|
712.19
|
|
12/7/2015
|
|
Warren Resources
|
|
Joint interest billing reimbursement
|
|
82,201.72
|
|
12/7/2015
|
|
Societe Generale/New York
|
|
Settlement of oil hedges
|
|
53,368.70
|
|
12/16/2015
|
|
U.S. Treasury
|
|
Refund
|
|
49.74
|
|
12/16/2015
|
|
Sale of office furniture
|
|
Sale of office furniture
|
|
10,400.00
|
|
12/16/2015
|
|
Black Bear Oil Corporation
|
|
Revenue - non-operated properties
|
|
2.17
|
|
12/16/2015
|
|
Silver Creek Oil & Gas, LLC
|
|
Joint interest billing reimbursement
|
|
155.84
|
|
12/16/2015
|
|
Chinn Family LTD Partnership
|
|
Joint interest billing reimbursement
|
|
24.66
|
|
12/16/2015
|
|
O'Connell Holding, LLC
|
|
Joint interest billing reimbursement
|
|
853.32
|
|
12/16/2015
|
|
Forestar Petroleum Corp
|
|
Revenue - non-operated properties
|
|
537.03
|
|
12/16/2015
|
|
Petrohill Resources, LLC
|
|
Joint interest billing reimbursement
|
|
40.54
|
|
12/16/2015
|
|
EOG Resources, Inc.
|
|
Revenue - non-operated properties
|
|
68.11
|
|
12/22/2015
|
|
EnCana Oil & Gas (USA) Inc
|
|
Revenue - non-operated properties
|
|
52.62
|
|
12/28/2015
|
|
ConocoPhillips Company
|
|
Revenue - non-operated properties
|
|
31,675.38
|
|
12/28/2015
|
|
XTO Energy
|
|
Revenue - non-operated properties
|
|
855.79
|
|
12/29/2015
|
|
Kerr-McGee Oil & Gas
|
|
Revenue - non-operated properties
|
|
243.82
|
|
12/29/2015
|
|
Yates Petroleum Corporation
|
|
Revenue - non-operated properties
|
|
143.79
|
|
12/29/2015
|
|
Resolute
|
|
Revenue - non-operated properties
|
|
2.03
|
|
12/29/2015
|
|
Continental Industries, LC
|
|
Revenue - non-operated properties
|
|
3,050.56
|
|
12/29/2015
|
|
Wells Fargo Bank West
|
|
Interest income
|
|
0.18
|
|
12/29/2015
|
|
Mike Bonds
|
|
Joint interest billing reimbursement
|
|
135.89
|
|
12/29/2015
|
|
Cimarex Energy Co
|
|
Revenue - non-operated properties
|
|
169.40
|
|
12/29/2015
|
|
Halliburton
|
|
Refund
|
|
2,251.56
|
|
12/29/2015
|
|
Shell Trading
|
|
Revenue - non-operated properties
|
|
24,906.85
|
|
12/29/2015
|
|
Merit Energy Company
|
|
Revenue - non-operated properties
|
|
109.74
|
|
12/29/2015
|
|
GMT Exploration CO, LLC
|
|
Revenue - non-operated properties
|
|
2,147.42
|
|
12/29/2015
|
|
LLC Petrostar
|
|
Joint interest billing reimbursement
|
|
76.47
|
|
12/29/2015
|
|
PRE Resources Rockies, L.P.
|
|
Revenue - non-operated properties
|
|
967.28
|
|
12/31/2015
|
|
BreitBurn Operating LP
|
|
Revenue - non-operated properties
|
|
4,753.68
|
|
12/31/2015
|
|
Statoil Oil & Gas LP
|
|
Revenue - non-operated properties
|
|
25.00
|
|
12/31/2015
|
|
Eastern Washakie Midstream LLC
|
|
Revenue - Fuel usage income
|
|
53,528.62
|
|
12/31/2015
|
|
XTO Energy
|
|
Revenue - non-operated properties
|
|
2,413.82
|
|
12/31/2015
|
|
Moncrief Royalty Account
|
|
Revenue - non-operated properties
|
|
22.67
|
|
12/31/2015
|
|
SM Energy
|
|
Revenue - non-operated properties
|
|
1,241.00
|
|
12/31/2015
|
|
SM Energy
|
|
Revenue - non-operated properties
|
|
4,718.74
|
|
12/31/2015
|
|
Anadarko Petroleum Corp
|
|
Revenue - non-operated properties
|
|
3,828.60
|
|
12/31/2015
|
|
Aethon Energy Operating LLC
|
|
Revenue - non-operated properties
|
|
801.78
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Cash Receipts
|
$
|
1,224,788.15
|
(1)
|
(1) Total for all accounts should agree with total cash receipts listed on Form 2-B, page 1
|
Rev. 1/15/14
|
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-B
CASH RECEIPTS AND DISBURSEMENTS STATEMENT
For Period: December 1, 2015 to December 31, 2015
CASH DISBURSEMENTS DETAIL
|
Account No:
|
5792483439
|
(attach additional sheets as necessary)
|
|
|
|
|
|
|
|
|
|
Date
|
|
Check No.
|
|
Payer
|
|
Description
|
|
Amount
|
|
11/30/2015
|
|
43690
|
|
Shepard's
|
|
Field operating expenses
|
$
|
1,205.00
|
|
12/2/2015
|
|
43691
|
|
All American Records
|
|
General and administrative expenses
|
|
167.27
|
|
12/2/2015
|
|
43692
|
|
GMT Exploration Comp. LLC
|
|
Joint interest billing payment
|
|
2,912.73
|
|
12/2/2015
|
|
43693
|
|
Memorial Production Operating
|
|
Joint interest billing payment
|
|
340.07
|
|
12/2/2015
|
|
43694
|
|
Moncrief Royalty Account
|
|
Joint interest billing payment
|
|
4,179.83
|
|
12/2/2015
|
|
43695
|
|
Office of State Lands & Invest
|
|
Payment of royalties/overrides
|
|
8,134.68
|
|
12/2/2015
|
|
43696
|
|
PRE Resources Rockies, LP
|
|
Joint interest billing payment
|
|
942.63
|
|
12/2/2015
|
|
43697
|
|
Verizon Wireless
|
|
Field operating expenses
|
|
78.05
|
|
12/2/2015
|
|
43698
|
|
Warren Resources
|
|
Joint interest billing payment
|
|
149,131.28
|
|
12/2/2015
|
|
43699
|
|
Winchester Well Service, Inc.
|
|
Field operating expenses
|
|
62,515.79
|
|
12/2/2015
|
|
43700
|
|
EnerCom, Inc.
|
|
General and administrative expenses
|
|
1,249.66
|
|
12/2/2015
|
|
43701
|
|
Gary Grinsfelder
|
|
General and administrative expenses
|
|
2,062.49
|
|
12/2/2015
|
|
43702
|
|
Patrick R. Sheehan
|
|
Field operating expenses
|
|
700.00
|
|
12/2/2015
|
|
43703
|
|
Rosemont WTC Denver
|
|
General and administrative expenses
|
|
19,461.23
|
|
12/2/2015
|
|
43704
|
|
Tori Dupre
|
|
General and administrative expenses
|
|
5,820.00
|
|
12/7/2015
|
|
43705
|
|
Cowboy Moving & Storage, Inc.
|
|
General and administrative expenses
|
|
2,000.00
|
|
12/7/2015
|
|
43706
|
|
Rocky Mountain Power
|
|
Field operating expenses
|
|
83,370.20
|
|
12/7/2015
|
|
43707
|
|
Rocky Mountain Power
|
|
Field operating expenses
|
|
773.55
|
|
12/7/2015
|
|
43708
|
|
SP Plus Corporation
|
|
General and administrative expenses
|
|
855.00
|
|
12/7/2015
|
|
43709
|
|
Shepard's
|
|
Field operating expenses
|
|
994.85
|
|
12/7/2015
|
|
43710
|
|
Weatherford Artifical Lift
|
|
Field operating expenses
|
|
14,166.82
|
|
12/9/2015
|
|
43711
|
|
Complete Energy Services, Inc.
|
|
Field operating expenses
|
|
7,676.10
|
|
12/10/2015
|
|
43712
|
|
Alsco
|
|
Field operating expenses
|
|
804.18
|
|
12/10/2015
|
|
43713
|
|
Alyssa Beard
|
|
General and administrative expenses
|
|
1,034.08
|
|
12/10/2015
|
|
43714
|
|
CSI Compressco Inc.
|
|
Field operating expenses
|
|
17,111.71
|
|
12/10/2015
|
|
43715
|
|
Compuforms Data Products
|
|
Field operating expenses
|
|
233.70
|
|
12/10/2015
|
|
43716
|
|
Dunn Trucking, Inc.
|
|
Field operating expenses
|
|
2,117.50
|
|
12/10/2015
|
|
43717
|
|
Ron's Contract Pumping Serv.
|
|
Field operating expenses
|
|
603.00
|
|
12/10/2015
|
|
43718
|
|
Synergy Telecommunications
|
|
Field operating expenses
|
|
160.00
|
|
12/10/2015
|
|
43719
|
|
The Conference Group, LLC
|
|
General and administrative expenses
|
|
45.80
|
|
12/10/2015
|
|
43720
|
|
Warrior Welding & Backhoe
|
|
Field operating expenses
|
|
9,186.69
|
|
12/11/2015
|
|
43721
|
|
Anne Wilcoxson
|
|
Payment of royalties/overrides
|
|
102.10
|
|
12/11/2015
|
|
43722
|
|
Belinda R. Ervin
|
|
Payment of royalties/overrides
|
|
51.05
|
|
12/11/2015
|
|
43723
|
|
Charlene A. Carpenter
|
|
Payment of royalties/overrides
|
|
87.12
|
|
12/11/2015
|
|
43724
|
|
Corinthian Believer Fellowship
|
|
Payment of royalties/overrides
|
|
408.37
|
|
12/11/2015
|
|
43725
|
|
D. L. Carpenter
|
|
Payment of royalties/overrides
|
|
42.88
|
|
12/11/2015
|
|
43726
|
|
Janice Bacon Walker
|
|
Payment of royalties/overrides
|
|
102.09
|
|
12/11/2015
|
|
43727
|
|
Kfrt
|
|
Payment of royalties/overrides
|
|
36.30
|
|
12/11/2015
|
|
43728
|
|
Lubnau, LLC
|
|
Payment of royalties/overrides
|
|
85.76
|
|
12/11/2015
|
|
43729
|
|
M. G. Cook
|
|
Payment of royalties/overrides
|
|
42.88
|
|
12/11/2015
|
|
43730
|
|
Mullinnix LLC
|
|
Payment of royalties/overrides
|
|
372.08
|
|
12/11/2015
|
|
43731
|
|
Paula Kay Herzog
|
|
Payment of royalties/overrides
|
|
51.05
|
|
12/11/2015
|
|
43732
|
|
Wesley R. Clark
|
|
Payment of royalties/overrides
|
|
102.10
|
|
12/11/2015
|
|
43733
|
|
William C. Eiland
|
|
Payment of royalties/overrides
|
|
204.20
|
|
12/11/2015
|
|
43734
|
|
Weatherford Artifical Lift
|
|
Field operating expenses
|
|
850.01
|
|
12/11/2015
|
|
43735
|
|
Weatherford Artifical Lift
|
|
Field operating expenses
|
|
15,016.83
|
|
12/16/2015
|
|
43736
|
|
Ryan Durossette
|
|
General and administrative expenses
|
|
1,663.00
|
|
12/16/2015
|
|
43737
|
|
All American Records
|
|
General and administrative expenses
|
|
167.27
|
|
12/16/2015
|
|
43738
|
|
Ameri Copy Printing, Inc.
|
|
General and administrative expenses
|
|
110.38
|
|
12/16/2015
|
|
43739
|
|
Bob Hunter
|
|
General and administrative expenses
|
|
293.29
|
|
12/16/2015
|
|
43740
|
|
Bracewell & Giuliani LLP
|
|
Professional fees - Creditor counsel
|
|
97,621.07
|
|
12/16/2015
|
|
43741
|
|
Computershare Trust Co, Inc.
|
|
General and administrative expenses
|
|
546.14
|
|
12/16/2015
|
|
43742
|
|
Culligan, Inc.
|
|
General and administrative expenses
|
|
28.00
|
|
12/16/2015
|
|
43743
|
|
Dnow, WY13
|
|
Field operating expenses
|
|
1,271.96
|
|
12/16/2015
|
|
43744
|
|
Dubois Telephone Exchange
|
|
Field operating expenses
|
|
247.75
|
|
12/16/2015
|
|
43745
|
|
Dustin Habel
|
|
Employee expense reimbursement
|
|
146.13
|
|
12/16/2015
|
|
43746
|
|
Energy Laboratories, Inc.
|
|
Field operating expenses
|
|
149.00
|
|
12/16/2015
|
|
43747
|
|
FireSteel Well Service Inc
|
|
Field operating expenses
|
|
739.07
|
|
12/16/2015
|
|
43748
|
|
Francotyp-Postalia, Inc.
|
|
Field operating expenses
|
|
581.31
|
|
12/16/2015
|
|
43749
|
|
Homax Oil Sales Inc.
|
|
Field operating expenses
|
|
4,827.56
|
|
12/16/2015
|
|
43750
|
|
IHS Global Inc.
|
|
General and administrative expenses
|
|
2,586.29
|
|
12/16/2015
|
|
43751
|
|
John McDiffett
|
|
Employee expense reimbursement
|
|
74.65
|
|
12/16/2015
|
|
43752
|
|
Konica Minolta
|
|
General and administrative expenses
|
|
639.16
|
|
12/16/2015
|
|
43753
|
|
LC Resources LLC
|
|
General and administrative expenses
|
|
1,750.00
|
|
12/16/2015
|
|
43754
|
|
Nathan Habel
|
|
Employee expense reimbursement
|
|
349.71
|
|
12/16/2015
|
|
43755
|
|
Neofirma, Inc.
|
|
General and administrative expenses
|
|
795.00
|
|
12/16/2015
|
|
43756
|
|
PAETEC
|
|
Field operating expenses
|
|
9.78
|
|
12/16/2015
|
|
43757
|
|
RPA Advisors, LLC
|
|
Professional fees - Creditor financial advisor
|
|
133,861.06
|
|
12/16/2015
|
|
43758
|
|
Rawlins Automotive, Inc.
|
|
Field operating expenses
|
|
190.46
|
|
12/16/2015
|
|
43759
|
|
Rocky Mountain Power
|
|
Field operating expenses
|
|
496.23
|
|
12/16/2015
|
|
43760
|
|
Rocky Mountain Power
|
|
Field operating expenses
|
|
429.95
|
|
12/16/2015
|
|
43761
|
|
Shepard's
|
|
Field operating expenses
|
|
660.11
|
|
12/16/2015
|
|
43762
|
|
Skyline Motors Inc.
|
|
Field operating expenses
|
|
1,705.50
|
|
12/16/2015
|
|
43763
|
|
Standard Parking, Inc
|
|
General and administrative expenses
|
|
855.00
|
|
12/16/2015
|
|
43764
|
|
Staples Advantage
|
|
General and administrative expenses
|
|
244.90
|
|
12/16/2015
|
|
43765
|
|
Support.com, Inc.
|
|
General and administrative expenses
|
|
1,732.47
|
|
12/16/2015
|
|
43766
|
|
Tehren Webb
|
|
Employee expense reimbursement
|
|
113.96
|
|
12/16/2015
|
|
43767
|
|
True Value of Rawlins
|
|
Field operating expenses
|
|
2.96
|
|
12/16/2015
|
|
43768
|
|
Union Telephone Company
|
|
Field operating expenses
|
|
1,116.16
|
|
12/16/2015
|
|
43769
|
|
United Site Services of NV,Inc
|
|
Field operating expenses
|
|
921.00
|
|
12/16/2015
|
|
43770
|
|
United Supply of the Rockies
|
|
Field operating expenses
|
|
826.80
|
|
12/16/2015
|
|
43771
|
|
Verian Techologies LLC
|
|
General and administrative expenses
|
|
2,547.95
|
|
12/16/2015
|
|
43772
|
|
Western Star Communications
|
|
Field operating expenses
|
|
151.50
|
|
12/16/2015
|
|
43773
|
|
Alsco
|
|
Field operating expenses
|
|
386.80
|
|
12/17/2015
|
|
43774
|
|
Culligan, Inc.
|
|
General and administrative expenses
|
|
28.00
|
|
12/17/2015
|
|
43775
|
|
Rocky Mountain Power
|
|
Field operating expenses
|
|
218.40
|
|
12/17/2015
|
|
43776
|
|
Shepard's
|
|
Field operating expenses
|
|
199.53
|
|
12/29/2015
|
|
43777
|
|
Office of State Lands & Invest
|
|
Payment of royalties/overrides
|
|
6,223.80
|
|
12/30/2015
|
|
43778
|
|
Ryan Durossette
|
|
Employee expense reimbursement
|
|
1,654.00
|
|
12/30/2015
|
|
43779
|
|
Wyoming Machinery Comp.
|
|
Field operating expenses
|
|
732.07
|
|
12/4/2015
|
|
debit card
|
|
Bankcard Center
|
|
General and administrative expenses
|
|
103.30
|
|
12/10/2015
|
|
debit card
|
|
UPS
|
|
General and administrative expenses
|
|
26.48
|
|
12/10/2015
|
|
debit card
|
|
UPS
|
|
General and administrative expenses
|
|
31.77
|
|
12/11/2015
|
|
debit card
|
|
Shepard's
|
|
Field operating expenses
|
|
21.20
|
|
12/14/2015
|
|
debit card
|
|
Fedex
|
|
General and administrative expenses
|
|
21.21
|
|
12/14/2015
|
|
debit card
|
|
Shepard's
|
|
Field operating expenses
|
|
1,199.52
|
|
12/14/2015
|
|
debit card
|
|
CED Inc.
|
|
Field operating expenses
|
|
416.58
|
|
12/30/2015
|
|
debit card
|
|
Nevada Secretary of State
|
|
General and administrative expenses
|
|
825.00
|
|
12/30/2015
|
|
debit card
|
|
Iron J Towing Inc
|
|
Field operating expenses
|
|
260.00
|
|
12/31/2015
|
|
debit card
|
|
Towne Park
|
|
General and administrative expenses
|
|
2,439.53
|
|
12/21/2015
|
|
bank charge
|
|
Vectra Bank
|
|
General and administrative expenses
|
|
583.59
|
|
12/2/2015
|
|
wire
|
|
Discovery Outsourcing
|
|
Company Payroll - period ending 12/02/15
|
|
100,972.03
|
|
12/2/2015
|
|
wire
|
|
Discovery Outsourcing
|
|
Company Payroll - period ending 12/02/15
|
|
796.36
|
|
12/8/2015
|
|
wire
|
|
Arthur J. Gallagher
|
|
General and administrative expenses
|
|
60,486.00
|
|
12/16/2015
|
|
wire
|
|
Discovery Outsourcing
|
|
Company Payroll - period ending 12/16/15
|
|
154,219.10
|
|
12/16/2015
|
|
wire
|
|
Discovery Outsourcing
|
|
Company Payroll - period ending 12/16/15
|
|
512.91
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Cash Disbursements
|
$
|
2,969,797.86
|
(1)
|
|
|
(1) Total for all accounts should agree with total cash disbursements listed on Form 2-B, page 1
|
Rev. 1/15/14
|
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-C
COMPARATIVE BALANCE SHEET
For Period Ended: December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
Current
Month
|
|
Petition
Date (1)
|
Current Assets:
|
|
|
|
|
|
Cash (from Form 2-B, line 5)
|
|
$
|
9,039,232
|
$
|
10,037,754
|
Accounts Receivable (from Form 2-E)
|
|
|
1,556,036
|
|
1,843,543
|
Receivable from Officers, Employees, Affiliates
|
|
234,219
|
|
408,716
|
Inventory
|
|
|
2,088,574
|
|
1,995,798
|
Other Current Assets :(List)
|
Cash held in escrow
|
|
303,365
|
|
303,393
|
|
Prepaid expenses and deposits
|
|
537,399
|
|
709,197
|
|
Hedge-related current assets
|
|
59,522
|
|
203,570
|
Total Current Assets
|
|
$
|
13,818,346
|
$
|
15,501,971
|
|
|
|
|
|
|
Fixed Assets:
|
|
|
|
|
|
Land
|
|
$
|
1,169,011
|
$
|
1,169,011
|
Building
|
|
|
-
|
|
-
|
Equipment, Furniture and Fixtures
|
|
|
166,246,294
|
|
166,099,098
|
Total Fixed Assets
|
|
|
167,415,305
|
|
167,268,109
|
Less: Accumulated Depreciation
|
|
|
(108,488,918)
|
|
(107,050,551)
|
Net Fixed Assets
|
|
$
|
58,926,386
|
$
|
60,217,558
|
|
|
|
|
|
|
Other Assets (List):
|
Investment in Eastern Washakie
|
|
5,272,518
|
|
5,272,518
|
|
Other assets
|
|
104,485
|
|
104,484
|
TOTAL ASSETS
|
|
$
|
78,121,735
|
$
|
81,096,531
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
Post-petition Accounts Payable (from Form 2-E)
|
$
|
982,007
|
$
|
2,548
|
Post-petition Accrued Professional Fees (from Form 2-E)
|
|
11,981
|
|
-
|
Post-petition Taxes Payable (from Form 2-E)
|
|
161,482
|
|
-
|
Post-petition Notes Payable
|
|
-
|
-
|
|
-
|
Other Post-petition Payable(List):
|
Accrued revenue payable
|
|
160,101
|
|
-
|
|
Other accrued liabilities and expenses
|
|
147,109
|
|
-
|
Total Post Petition Liabilities
|
|
$
|
1,462,679
|
$
|
2,548
|
|
|
|
|
|
|
Pre Petition Liabilities:
|
|
|
|
|
|
Secured Debt
|
|
|
41,246,073
|
|
42,874,598
|
Priority Debt
|
|
|
145,272
|
|
178,428
|
Unsecured Debt
|
|
|
10,731,681
|
|
11,429,928
|
Total Pre Petition Liabilities
|
|
|
52,123,026
|
|
54,482,954
|
|
|
|
|
|
|
TOTAL LIABILITIES
|
|
$
|
53,585,705
|
$
|
54,485,502
|
|
|
|
|
|
|
OWNERS' EQUITY
|
|
|
|
|
|
Owner's/Stockholder's Equity
|
|
$
|
82,996,569
|
$
|
82,996,569
|
Retained Earnings – Prepetition
|
|
|
(56,390,659)
|
|
(56,385,540)
|
Retained Earnings - Post-petition
|
|
|
(2,069,880)
|
|
-
|
TOTAL OWNERS' EQUITY
|
|
$
|
24,536,030
|
$
|
26,611,029
|
|
|
|
|
|
|
TOTAL LIABILITIES AND OWNERS' EQUITY
|
$
|
78,121,735
|
$
|
81,096,531
|
|
|
|
|
|
|
(1) Petition date values are taken from the Debtor's balance sheet as of the petition date or are the values
|
|
listed on the Debtor's schedules.
|
REV 1/15/14
|
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-D
PROFIT AND LOSS STATEMENT
For Period: December 1, 2015 to December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Month
|
|
Accumulated Total (1)
|
|
|
|
|
|
|
Gross Operating Revenue
|
|
$
|
918,832
|
$
|
2,064,388
|
Less: Discounts, Returns and Allowances
|
|
0
|
|
0
|
|
|
|
|
|
Net Operating Revenue
|
$
|
918,832
|
$
|
2,064,388
|
|
|
|
|
|
|
Cost of Goods Sold
|
|
|
969,464
|
|
1,637,715
|
|
|
|
|
|
|
Gross Profit
|
|
$
|
(50,632)
|
$
|
426,673
|
|
|
|
|
|
|
Operating Expenses:
|
|
|
|
|
|
Officer Compensation
|
|
$
|
130,044
|
$
|
160,758
|
Selling, General and Administrative
|
|
|
150,054
|
|
288,429
|
Rents and Leases
|
|
|
19,844
|
|
42,398
|
Depreciation, Depletion and Amortization
|
|
|
784,239
|
|
1,438,368
|
Other (list):
|
|
|
0
|
|
0
|
|
|
|
0
|
|
0
|
|
|
|
|
|
|
Total Operating Expenses
|
|
$
|
1,084,180
|
$
|
1,929,952
|
|
|
|
|
|
|
Operating Income (Loss)
|
|
$
|
(1,134,812)
|
$
|
(1,503,279)
|
|
|
|
|
|
|
Non-Operating Income and Expenses
|
|
|
|
|
|
Other Non-Operating Expenses
|
$
|
0
|
$
|
0
|
Gains (Losses) on Sale of Assets
|
|
0
|
|
0
|
Interest Income
|
|
1,103
|
|
2,553
|
Interest Expense
|
|
|
(136,507)
|
|
(270,223)
|
Other Non-Operating Income
|
|
|
0
|
|
0
|
|
|
|
|
|
|
Net Non-Operating Income or (Expenses)
|
$
|
(135,405)
|
$
|
(267,670)
|
|
|
|
|
|
|
Reorganization Expenses
|
|
|
|
|
|
Legal and Professional Fees
|
|
$
|
106,029
|
$
|
298,930
|
Other Reorganization Expense
|
|
|
0
|
|
0
|
|
|
|
|
|
|
Total Reorganization Expenses
|
|
$
|
106,029
|
$
|
298,930
|
|
|
|
|
|
|
Net Income (Loss) Before Income Taxes
|
$
|
(1,376,245)
|
$
|
(2,069,879)
|
|
|
|
|
|
|
Federal and State Income Tax Expense (Benefit)
|
|
0
|
|
0
|
|
|
|
|
|
|
NET INCOME (LOSS)
|
|
$
|
(1,376,245)
|
$
|
(2,069,879)
|
(1) Accumulated Totals include all revenue and expenses since the petition date.
|
|
|
REV 1/15/14
|
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-E (Page 1 of 2)
SUPPORTING SCHEDULES
For Period: December 1, 2015 to December 31, 2015
|
|
|
|
|
Summary of Post-Petition Taxes
|
|
1
|
2
|
3
|
4
|
Type of tax
|
Unpaid post-petition taxes from prior reporting month(1)
|
Post-petition taxes accrued this month (new obligations)
|
Post-petition tax payments made this reporting month
|
Unpaid post-petition taxes at end of reporting month (columns 1+2-3)
|
Federal
|
|
|
|
|
Employee income tax withheld
|
$ -
|
26,848
|
(26,848)
|
$ -
|
Employee FICA taxes withheld
|
$ -
|
3,450
|
(3,450)
|
$ -
|
Employer FICA taxes
|
$ -
|
2,773
|
(2,773)
|
$ -
|
Unemployment taxes
|
$ -
|
|
|
$ -
|
Other:____________________
|
$ -
|
|
|
$ -
|
State
|
|
|
|
|
Sales, use & excise taxes
|
$ -
|
|
|
$ -
|
Unemployment taxes
|
$ -
|
|
|
$ -
|
Other:_state income tax withheld
|
$ -
|
778
|
(778)
|
$ -
|
Local
|
|
|
|
|
Personal property taxes
|
$ -
|
85,057
|
|
$ 85,057
|
Real property taxes
|
$ -
|
|
|
$ -
|
Other:_Severance and Conservation Taxes
|
$ -
|
76,425
|
|
$ 76,425
|
(1) For first report, the beginning balance in column 1 will be $0; thereafter, beginning balance will be ending balance from prior report.
|
|
|
|
|
Insurance Coverage Summary
|
Type of insurance
|
Insurance carrier
|
Coverage amount
|
Policy expiration date
|
Premium paid through date
|
Workers' compensation - CO
|
American Zurich
|
1,000,000
|
4/1/2016
|
Paid with each payroll
|
Workers' compensation - WY
|
State of WY
|
WY statutory limits
|
11/19/2016
|
Paid with each payroll
|
General liability
|
St Paul Fire and Marine
|
2,000,000
|
10/1/2016
|
6/1/2016
|
Property (fire, theft, etc.)
|
|
|
|
|
Vehicle
|
St Paul Fire and Marine
|
1,000,000
|
10/1/2016
|
6/1/2016
|
Other (list): Umbrella
|
St Paul Fire and Marine
|
10,000,000
|
10/1/2016
|
6/1/2016
|
Other (list): D&O
|
National Union Fire
|
15,000,000
|
7/1/2016
|
7/1/2016
|
If any policies were renewed or replaced during reporting period, attach new certificate of insurance.
|
|
Page 1 of 2
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-E (Page 2 of 2)
SUPPORTING SCHEDULES
For Period: December 1, 2015 to December 31, 2015
|
|
|
|
|
|
Accounts Receivable Aging Summary (attach detailed aging report)
|
|
30 days or less
|
31 to 60 days
|
61 to 90 days
|
Over 90 days
|
Total at month end
|
Pre-petition receivables
|
|
4,015
|
70,625
|
486,996
|
561,637
|
Post-petition receivables
|
895,028
|
99,371
|
|
|
994,400
|
Total
|
895,028
|
103,386
|
70,625
|
486,996
|
1,556,036
|
|
|
|
|
|
|
|
|
|
|
|
|
Post-Petition Accounts Payable Aging Summary (attach detailed aging report)
|
|
30 days or less
|
31 to 60 days
|
61 to 90 days
|
Over 90 days
|
Total at month end
|
Trade Payables
|
775,303
|
130,280
|
88,405
|
|
993,988
|
Other Payables
|
161,481
|
|
|
|
161,481
|
Total
|
936,784
|
130,280
|
88,405
|
|
1,155,469
|
|
|
|
|
|
|
SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS
|
|
Month-end
|
Current
|
Paid in
|
|
|
|
Retainer
|
Month's
|
Current
|
Court Approval
|
Month-end
|
|
Balance
|
Accrual
|
Month
|
Date
|
Balance Due *
|
Debtor's Counsel
|
$ 70,000
|
|
|
|
|
Counsel for Unsecured
|
|
|
|
|
|
Creditors' Committee
|
|
$ 8,357
|
|
|
$ 8,357
|
Trustee's Counsel
|
|
|
|
|
|
Accountant
|
|
|
|
|
|
Creditor Counsel
|
$ 190,286
|
$ 97,672
|
($192,963)
|
|
$ 2,330
|
Creditor Advisors
|
$ 184,322
|
|
($133,861)
|
|
|
Other:
|
|
$ 1,294
|
|
|
$ 1,294
|
Total
|
$ 444,608
|
$ 107,322
|
($326,824)
|
|
$ 11,981
|
*Balance due to include fees and expenses incurred but not yet paid.
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**
|
Payee Name
|
Position
|
Nature of Payment
|
Amount
|
Charles Chambers
|
Chief Executive Officer
|
Compensation - 12/4, 12/18, 12/31
|
$ 34,615
|
Gary Grinsfelder
|
Chief Operating Officer
|
Compensation - 12/4, 12/18, 12/31
|
23,076
|
Gary Grinsfelder
|
Chief Operating Officer
|
Expense reimbursement - 12/2
|
2,062
|
Adam Fenster
|
Chief Financial Officer
|
Compensation - 12/4, 12/18, 12/31
|
23,076
|
Carol Osborne
|
Secretary (separation date - 11/30/15)
|
Severance
|
49,277
|
|
|
|
|
**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner, partner, shareholder, officer, or director.
|
Page 2 of 2
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-F
QUARTERLY FEE SUMMARY *
For Month Ended: December 31, 2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash
|
|
Quarterly
|
|
|
|
Date
|
Month
|
Year
|
|
Disbursements **
|
|
Fee Due
|
|
Check No.
|
|
Paid
|
January
|
|
|
$
|
0
|
|
|
|
|
|
|
February
|
|
|
|
0
|
|
|
|
|
|
|
March
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL 1st Quarter
|
$
|
0
|
$
|
|
|
|
|
|
April
|
|
|
$
|
0
|
|
|
|
|
|
|
May
|
|
|
|
0
|
|
|
|
|
|
|
June
|
|
|
|
0
|
|
|
|
|
|
|
|
TOTAL 2nd Quarter
|
$
|
0
|
$
|
|
|
|
|
|
July
|
|
|
$
|
0
|
|
|
|
|
|
|
August
|
|
|
|
0
|
|
|
|
|
|
|
September
|
|
|
|
0
|
|
|
|
|
|
|
|
TOTAL 3rd Quarter
|
$
|
0
|
$
|
|
|
|
|
|
October
|
2015
|
$
|
0
|
|
|
|
|
|
|
November
|
2015
|
|
398,425
|
|
|
|
|
|
|
December
|
2015
|
|
2,969,798
|
|
|
|
|
|
|
|
TOTAL 4th Quarter
|
$
|
3,368,223
|
$
|
10,400
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FEE SCHEDULE (as of JANUARY 1, 2008)
|
Subject to changes that may occur to 28 U.S.C. §1930(a)(6)
|
Quarterly Disbursements
|
Fee
|
|
|
Quarterly Disbursements
|
|
Fee
|
$0 to $14,999.....................
|
$ 325
|
|
|
$1,000,000 to $1,999,999....................
|
$ 6,500
|
$15,000 to $74,999.............
|
$ 650
|
|
|
$2,000,000 to $2,999,999...................
|
$ 9,750
|
$75,000 to $149,999.............
|
$ 975
|
|
|
$3,000,000 to $4,999,999.....................
|
$ 10,400
|
$150,000 to $224,999.........
|
$ 1,625
|
|
|
$5,000,000 to $14,999,999 …….
|
|
$ 13,000
|
$225,000 to $299,999..........
|
$ 1,950
|
|
|
$15,000,000 to $29,999,999….
|
|
$ 20,000
|
$300,000 to $999,999.........................
|
$ 4,875
|
|
|
$30,000,000 or more
|
|
$ 30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
* This summary is to reflect the current calendar year's information cumulative to the end of the reporting period
** Should agree with line 3, Form 2-B. Disbursements are net of transfers to other debtor in possession bank accounts
Failure to pay the quarterly fee is cause for conversion or dismissal of the chapter 11 case. [11 U.S.C. Sec. 1112(b)(10)]
In addition, unpaid fees are considered a debt owed to the United States and will be assessed interest under 31 U.S.C. §3717
Rev. 1/15/14
|
|
|
|
|
DEBTOR(S):
|
Escalera Resources Co.
|
|
CASE NO:
|
15-22395-TBM
|
Form 2-G
NARRATIVE
For Period Ended: December 31, 2015
Please provide a brief description of any significant business and legal actions taken by the debtor, its creditors, or the court during the reporting period, any unusual or non-recurring accounting transactions that are reported in the financial statements, and any significant changes in the financial condition of the debtor which have occurred subsequent to the report date.
The Company's final order authorizing the use of postpetition cash collateral order was granted on December 2, 2015. Subsequent to November 30, 2015, there have been no significant changes in the Company's financial condition, nor have there been any significant events that have occured.
On December 10, 2015, the Court granted relief from the automatic stay, without prejudice to Debtor, moving in the District Court to refer the related case, Alan Eugene Humphrey and Wyoming GTL, LLC v. Escalera Resources CO, United States District Court for the District of Colorado, Civil Action No. 15-cv-00769-RM-NYW(and Debtor's counterclaims) to the Court at a later date.
On January 26, 2016, the Debtor filed its Plan of Reorganization Proposed by Debtor Dated January 26, 2016 with the Court.
From December 1st through December 31st, there were no unusual or non-recurring accounting transactions reflected in the accompanying financial statements.
Rev. 1/15/14
Escalera Resources (CE) (USOTC:ESCSQ)
Historical Stock Chart
From Sep 2024 to Oct 2024
Escalera Resources (CE) (USOTC:ESCSQ)
Historical Stock Chart
From Oct 2023 to Oct 2024