Fracking Company Seeks Ruling That Gas Agreement May Be Avoided In Bankruptcy

Mealey's (July 27, 2020, 1:49 PM EDT) -- HOUSTON — Hydraulic fracturing operator Bruin Williston Holdings LLC on July 24 filed an adversary proceeding in federal bankruptcy court in Texas, seeking a declaration that covenants contained in a gas purchasing agreement with a midstream energy company do not "run with the land" and can therefore be avoided in Chapter 11 bankruptcy (Bruin Williston Holdings LLC v. Targa Badlands LLC [In re: Bruin E&P Partners LLC, et al.], Adv. No. 20-03323, No. 20-33605, S.D. Texas Bkcy.)....