U.S. Energy Development Corp v. Deutsche Bank Trust Company aka "Agent" (19-90012, 5th Cir., 2019)

By justicefortexas

Posted on November 13, 2019

Pipeline Co. In Ch. 11 Duel With Texas Creditor, Receiver

San Antonio-based crude oil hauler First River Energy LLC has filed for Chapter 11 bankruptcy.

First River Energy CEO Deborah Kryak filed the company’s petition with San Antonio’s bankruptcy court on Jan. 12. The bankruptcy filing comes less than three weeks after a restructuring deal with the company’s creditors and lenders fell through.

First River Energy’s case has landed before U.S. Bankruptcy Judge Craig Gargotta.

Neither company officials nor their attorneys could be reached for comment on Wednesday afternoon, but court records show that First River Energy listed between $10 million and $50 million in assets and the same amount in liabilities.

Founded in May 2015, the company’s tanker trucks hauled crude oil from remote wells to storage terminals and refineries.

In letter sent out to First River Energy customers on Jan. 4, the company’s former senior marketing manager Edward Vrana wrote that lenders and investors were unable to reach a long-term agreement to restructure the company.

“A decision was made on December 31st to commence the wind down of the company and ongoing operations virtually ceased that day,” Vrana wrote.

In his letter, Vrana wrote that the company was advised to file for Chapter 11 bankruptcy.

“This unfortunate development was completely unanticipated as progress in the negotiations was occurring until the afternoon of the 31st,” Vrana wrote.

Credit: Biz Journals

First River Energy, LLC (18-50085)

United States Bankruptcy Court, W.D. Texas

This Memorandum Opinion is issued in support of a Certification of a Direct Appeal to the United States Court of Appeals for the Fifth Circuit.

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Updated on 28th Dec., 2020. No movement in this Deutsche Bank Trust Co. Case at the 5th Circuit.

Court Listener Docket for 5th Cir. Appeal

Docket 1

General Docket
United States Court of Appeals for the Fifth Circuit

Court of Appeals Docket #: 19-90012	Docketed: 05/23/2019 Termed: 07/15/2019
U.S. Energy Development Corp, et al v. Deutsche Bank Trust Company, et al	Docketed: 05/23/2019 Termed: 07/15/2019
Appeal From: Western District of Texas, San Antonio
Fee Status: Not Applicable

Case Type Information:

1) Miscellaneous – Bankruptcy

2) 158(d) Miscellaneous

Originating Court Information:
District: 0542-5 : 18-50085
Originating Judge: Craig A. Gargotta, U.S. Bankruptcy Judge
Date Order/Judgment:	Date Rec’d COA:
04/22/2019	05/22/2019

District: 0542-5 : 5:19-CV-301
Originating Judge: Craig A. Gargotta, U.S. Bankruptcy Judge
Date Rec’d COA:
05/22/2019

Panel Assignment: Not available

In Re: First River Energy, L.L.C.

Debtor

U.S. ENERGY DEVELOPMENT CORPORATION; AGERON ENERGY, L.L.C.; PETROEDGE ENERGY IV, L.L.C.; TEAL NATURAL RESOURCES, L.L.C.; CRIMSON ENERGY PARTNERS IV, L.L.C.; VICEROY PETROLEUM, L.P.; RLU OPERATING, L.L.C.; DEWBRE PETROLEUM CORPORATION; JERRY DEWBRE, Trustee; AMERICAN SHORELINE, INCORPORATED; TEXPATA PIPELINE COMPANY; AURORA RESOURCES CORPORATION; AWP OPERATING COMPANY; TEXRON OPERATING L.L.C.; MAGNUM PRODUCING, L.P.; MAGNUM ENGINEERING COMPANY; MAGNUM OPERATING, L.L.C.; ROCK RESOURCES INCORPORATED; KILLAM OIL COMPANY, LIMITED; ENERGY RESERVES GROUP, L.L.C.,

Petitioners

DEUTSCHE BANK TRUST COMPANY AMERICAS, Agent; FIRST RIVER ENERGY, L.L.C.,

Respondents

No docket entries found.

Docket 2

Court of Appeals Docket #: 19-90012	Docketed: 05/23/2019 Termed: 07/15/2019
U.S. Energy Development Corp, et al v. Deutsche Bank Trust Company, et al	Docketed: 05/23/2019 Termed: 07/15/2019
Appeal From: Western District of Texas, San Antonio
Fee Status: Not Applicable

Case Type Information:

1) Miscellaneous – Bankruptcy

2) 158(d) Miscellaneous

Originating Court Information:
District: 0542-5 : 18-50085
Originating Judge: Craig A. Gargotta, U.S. Bankruptcy Judge
Date Order/Judgment:	Date Rec’d COA:
04/22/2019	05/22/2019

District: 0542-5 : 5:19-CV-301
Originating Judge: Craig A. Gargotta, U.S. Bankruptcy Judge
Date Rec’d COA:
05/22/2019

06/03/2019		RESPONSE/OPPOSITION filed by Deutsche Bank Trust Company Americas [9066942-1] to the Motion for permission to appeal filed by Petitioners U.S. Energy Development Corporation, Ageron Energy, L.L.C., PetroEdge Energy IV, L.L.C., Teal Natural Resources, L.L.C., Crimson Energy Partners IV, L.L.C., Viceroy Petroleum, L.P., RLU Operating, L.L.C., Dewbre Petroleum Corporation, Mr. Jerry Dewbre, American Shoreline, Incorporated, Texpata Pipeline Company, Aurora Resources Corporation, AWP Operating Company, Texron Operating L.L.C., Magnum Producing, L.P., Magnum Engineering Company, Magnum Operating, L.L.C., Rock Resources Incorporated, Killam Oil Company, Limited and Energy Reserves Group, L.L.C. in 19-90012 [9060667-2]Response/Opposition deadline satisfied. [19-90012] REVIEWED AND/OR EDITED – The original text prior to review appeared as follows: RESPONSE/OPPOSITION filed by Deutsche Bank Trust Company Americas [9066942-1] to the Motion filed by Petitioners AWP Operating Company, Ageron Energy, L.L.C., American Shoreline, Incorporated, Aurora Resources Corporation, Crimson Energy Partners IV, L.L.C., Mr. Jerry Dewbre, Dewbre Petroleum Corporation, Energy Reserves Group, L.L.C., Killam Oil Company, Limited, Magnum Engineering Company, Magnum Operating, L.L.C., Magnum Producing, L.P., PetroEdge Energy IV, L.L.C., RLU Operating, L.L.C., Rock Resources Incorporated, Teal Natural Resources, L.L.C., Texpata Pipeline Company, Texron Operating L.L.C., U.S. Energy Development Corporation and Viceroy Petroleum, L.P. [9060667-2] Date of Service: 06/03/2019 via email – Attorney for Petitioners: Autry, Kingman, Taylor; Attorney for Respondents: Gerber, Parham, Parker, Peirce. [19-90012] (Toby L. Gerber ) [Entered: 06/03/2019 04:46 PM]
06/03/2019		APPEARANCE FORM received from Mr. David William Parham, Esq. for First River Energy, L.L.C. for the court’s review. Lead Counsel? Yes. [19-90012] (David W. Parham ) [Entered: 06/03/2019 04:56 PM]
06/04/2019		APPEARANCE FORM FILED by Attorney David William Parham for Respondent First River Energy, L.L.C. in 19-90012 [19-90012] (RAJ) [Entered: 06/04/2019 01:04 PM]
06/06/2019		APPEARANCE FORM received from Mr. Mark Curtis Taylor for Ageron Energy, L.L.C., American Shoreline, Incorporated, Aurora Resources Corporation, AWP Operating Company, Crimson Energy Partners IV, L.L.C., Dewbre Petroleum Corporation, Mr. Jerry Dewbre, Energy Reserves Group, L.L.C., Killam Oil Company, Limited, Magnum Engineering Company, Magnum Operating, L.L.C., Magnum Producing, L.P., PetroEdge Energy IV, L.L.C., RLU Operating, L.L.C., Rock Resources Incorporated, Teal Natural Resources, L.L.C., Texpata Pipeline Company, Texron Operating L.L.C., U.S. Energy Development Corporation and Viceroy Petroleum, L.P. for the court’s review. Lead Counsel? Yes. [19-90012] (Mark Curtis Taylor ) [Entered: 06/06/2019 03:02 PM]
06/07/2019		APPEARANCE FORM FILED by Attorney Mark Curtis Taylor for Petitioner Energy Reserves Group, L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner Killam Oil Company, Limited in 19-90012, Attorney Mark Curtis Taylor for Petitioner Rock Resources Incorporated in 19-90012, Attorney Mark Curtis Taylor for Petitioner Magnum Operating, L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner Magnum Engineering Company in 19-90012, Attorney Mark Curtis Taylor for Petitioner Magnum Producing, L.P. in 19-90012, Attorney Mark Curtis Taylor for Petitioner Texron Operating L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner AWP Operating Company in 19-90012, Attorney Mark Curtis Taylor for Petitioner Aurora Resources Corporation in 19-90012, Attorney Mark Curtis Taylor for Petitioner Texpata Pipeline Company in 19-90012, Attorney Mark Curtis Taylor for Petitioner American Shoreline, Incorporated in 19-90012, Attorney Mark Curtis Taylor for Petitioner Jerry Dewbre in 19-90012, Attorney Mark Curtis Taylor for Petitioner Dewbre Petroleum Corporation in 19-90012, Attorney Mark Curtis Taylor for Petitioner RLU Operating, L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner Viceroy Petroleum, L.P. in 19-90012, Attorney Mark Curtis Taylor for Petitioner Crimson Energy Partners IV, L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner Teal Natural Resources, L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner PetroEdge Energy IV, L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner Ageron Energy, L.L.C. in 19-90012, Attorney Mark Curtis Taylor for Petitioner U.S. Energy Development Corporation in 19-90012 [19-90012] (RAJ) [Entered: 06/07/2019 10:23 AM]
06/07/2019		APPEARANCE FORM received from Mr. Patrick Holder Autry for Ageron Energy, L.L.C., American Shoreline, Incorporated, Aurora Resources Corporation, AWP Operating Company, Crimson Energy Partners IV, L.L.C., Dewbre Petroleum Corporation, Mr. Jerry Dewbre, Energy Reserves Group, L.L.C., Killam Oil Company, Limited, Magnum Engineering Company, Magnum Operating, L.L.C., Magnum Producing, L.P., PetroEdge Energy IV, L.L.C., RLU Operating, L.L.C., Rock Resources Incorporated, Teal Natural Resources, L.L.C., Texpata Pipeline Company, Texron Operating L.L.C., U.S. Energy Development Corporation and Viceroy Petroleum, L.P. for the court’s review. Lead Counsel? No. [19-90012] (Patrick Holder Autry ) [Entered: 06/07/2019 11:25 AM]
06/07/2019		APPEARANCE FORM FILED by Attorney Patrick Holder Autry for Petitioner Energy Reserves Group, L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner Killam Oil Company, Limited in 19-90012, Attorney Patrick Holder Autry for Petitioner Rock Resources Incorporated in 19-90012, Attorney Patrick Holder Autry for Petitioner Magnum Operating, L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner Magnum Engineering Company in 19-90012, Attorney Patrick Holder Autry for Petitioner Magnum Producing, L.P. in 19-90012, Attorney Patrick Holder Autry for Petitioner Texron Operating L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner AWP Operating Company in 19-90012, Attorney Patrick Holder Autry for Petitioner Aurora Resources Corporation in 19-90012, Attorney Patrick Holder Autry for Petitioner Texpata Pipeline Company in 19-90012, Attorney Patrick Holder Autry for Petitioner American Shoreline, Incorporated in 19-90012, Attorney Patrick Holder Autry for Petitioner Jerry Dewbre in 19-90012, Attorney Patrick Holder Autry for Petitioner Dewbre Petroleum Corporation in 19-90012, Attorney Patrick Holder Autry for Petitioner RLU Operating, L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner Viceroy Petroleum, L.P. in 19-90012, Attorney Patrick Holder Autry for Petitioner Crimson Energy Partners IV, L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner Teal Natural Resources, L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner PetroEdge Energy IV, L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner Ageron Energy, L.L.C. in 19-90012, Attorney Patrick Holder Autry for Petitioner U.S. Energy Development Corporation in 19-90012 [19-90012] (RAJ) [Entered: 06/07/2019 01:41 PM]
06/11/2019		APPEARANCE FORM received from Mr. William Brand Kingman for Ageron Energy, L.L.C., American Shoreline, Incorporated, Aurora Resources Corporation, AWP Operating Company, Crimson Energy Partners IV, L.L.C., Dewbre Petroleum Corporation, Mr. Jerry Dewbre, Energy Reserves Group, L.L.C., Killam Oil Company, Limited, Magnum Engineering Company, Magnum Operating, L.L.C., Magnum Producing, L.P., PetroEdge Energy IV, L.L.C., RLU Operating, L.L.C., Rock Resources Incorporated, Teal Natural Resources, L.L.C., Texpata Pipeline Company, Texron Operating L.L.C., U.S. Energy Development Corporation and Viceroy Petroleum, L.P. for the court’s review. Lead Counsel? No. [19-90012] (William Brand Kingman ) [Entered: 06/11/2019 10:05 AM]
06/11/2019		APPEARANCE FORM FILED by Attorney William Brand Kingman for Petitioner Energy Reserves Group, L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner Killam Oil Company, Limited in 19-90012, Attorney William Brand Kingman for Petitioner Rock Resources Incorporated in 19-90012, Attorney William Brand Kingman for Petitioner Magnum Operating, L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner Magnum Engineering Company in 19-90012, Attorney William Brand Kingman for Petitioner Magnum Producing, L.P. in 19-90012, Attorney William Brand Kingman for Petitioner Texron Operating L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner AWP Operating Company in 19-90012, Attorney William Brand Kingman for Petitioner Aurora Resources Corporation in 19-90012, Attorney William Brand Kingman for Petitioner Texpata Pipeline Company in 19-90012, Attorney William Brand Kingman for Petitioner American Shoreline, Incorporated in 19-90012, Attorney William Brand Kingman for Petitioner Jerry Dewbre in 19-90012, Attorney William Brand Kingman for Petitioner Dewbre Petroleum Corporation in 19-90012, Attorney William Brand Kingman for Petitioner RLU Operating, L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner Viceroy Petroleum, L.P. in 19-90012, Attorney William Brand Kingman for Petitioner Crimson Energy Partners IV, L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner Teal Natural Resources, L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner PetroEdge Energy IV, L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner Ageron Energy, L.L.C. in 19-90012, Attorney William Brand Kingman for Petitioner U.S. Energy Development Corporation in 19-90012 [19-90012] (RAJ) [Entered: 06/11/2019 03:56 PM]
07/15/2019		COURT ORDER granting Motion for permission to appeal filed by Petitioners U.S. Energy Development Corporation, Ageron Energy, L.L.C., PetroEdge Energy IV, L.L.C., Teal Natural Resources, L.L.C., Crimson Energy Partners IV, L.L.C., Viceroy Petroleum, L.P., RLU Operating, L.L.C., Dewbre Petroleum Corporation, Mr. Jerry Dewbre, American Shoreline, Incorporated, Texpata Pipeline Company, Aurora Resources Corporation, AWP Operating Company, Texron Operating L.L.C., Magnum Producing, L.P., Magnum Engineering Company, Magnum Operating, L.L.C., Rock Resources Incorporated, Killam Oil Company, Limited and Energy Reserves Group, L.L.C. [9060667-2] pursuant to 158(d) Miscellaneous. [19-90012] (LEF) [Entered: 07/15/2019 09:01 AM]

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U.S. Energy Development Corp v. Deutsche Bank Trust Company aka “Agent” (19-90012, 5th Cir., 2019)

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