HTML Document View

Full title: Final Decree Closing Case Signed on 6/29/2021 (Related document(s):306 Generic Motion) (aalo) (Entered: 06/29/2021)

Document posted on Jun 28, 2021 in the bankruptcy, 4 pages and 0 tables.

Bankrupt11 Summary (Automatically Generated)

[Relates to Motion at Docket No. 306] Upon the motion (the “Motion”)1 of the Reorganized Debtors for entry of a final decree (this “Final Decree”) closing certain of the Chapter 11 Cases, all as more fully described in the Motion; and the Court having reviewed the Motion; and the Court having jurisdiction to consider the Motion and the relief requested therein in accordance with 28 U.S.C. § 1334; and the Court having found that this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2) and that this Court may enter a final order consistent with Article III of the United States Constitution; and the Court having found that venue of this proceeding and the Motion in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and it appearing that proper and adequate notice of the Motion has been given under the circumstances and that no other or further notice is necessary; and all objections, if any, to entry of this Order having been withdrawn, resolved, or overruled; and upon the record herein; and after due deliberation thereon; the Court having determined that there is good and sufficient cause for the relief granted in the Order, it is hereby ORDERED THAT: 1 Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Motion.Entry of this Final Decree is without prejudice to (a) the rights of the Debtors, the Reorganized Debtors, or any party in interest, to seek to reopen the Lead Case or the Affiliate Cases for cause pursuant to section 350(b) of the Bankruptcy Code, and (b) the rights of the Debtors, the Reorganized Debtors, or any Entity authorized pursuant to the Plan, as applicable, to dispute, in this Court or any applicable non-bankruptcy forum, any claims filed against the Debtors in the Chapter 11 Cases, as provided in the Plan and the Confirmation Order.The Reorganized Debtors shall pay the appropriate sum of quarterly fees due and payable under 28 U.S.C. § 1930(a)(6)(A) and (B) with respect to the Lead Case by remitting payment to the United States Trustee Payment Center, P.O. Box 6200-19, Portland, Oregon, 97228-6200 no later than the date on which such quarterly fees are otherwise due, and shall furnish evidence of such payment to the acting U.S. Trustee, 515 Rusk, Suite 3516, Houston, Texas.Consistent with the Order Authorizing Employment and Retention of Donlin, Recano & Company, Inc. as Claims, Noticing, and Solicitation Agent [Docket No. 32], after the entry of this Final Decree, DRC shall archive all proofs of claim with the Federal Archives Record Administration, if applicable, and transmit to the Clerk’s office all claims in an electronic format, if applicable, and shall be compensated by the Debtors in connection therewith.Notwithstanding the relief granted in this Final Decree and any actions taken pursuant to such relief, nothing in this Final Decree shall be deemed: (a) an admission as to the validity of any prepetition c

List of Tables

Document Contents

IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION ENTERED 06/29/2021 In re: § Chapter 11 § REMORA PETROLEUM, L.P. § Case No. 20-34037 (DRJ) § Debtor. § § Tax I.D. No. 45-2674348 § FINAL DECREE CLOSING THE CHAPTER 11 CASE OF REMORA PETROLEUM, L.P. [Relates to Motion at Docket No. 306] Upon the motion (the “Motion”)1 of the Reorganized Debtors for entry of a final decree (this “Final Decree”) closing certain of the Chapter 11 Cases, all as more fully described in the Motion; and the Court having reviewed the Motion; and the Court having jurisdiction to consider the Motion and the relief requested therein in accordance with 28 U.S.C. § 1334; and the Court having found that this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2) and that this Court may enter a final order consistent with Article III of the United States Constitution; and the Court having found that venue of this proceeding and the Motion in this district is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and it appearing that proper and adequate notice of the Motion has been given under the circumstances and that no other or further notice is necessary; and all objections, if any, to entry of this Order having been withdrawn, resolved, or overruled; and upon the record herein; and after due deliberation thereon; the Court having determined that there is good and sufficient cause for the relief granted in the Order, it is hereby ORDERED THAT: 1 Capitalized terms used but not otherwise defined herein have the meanings ascribed to them in the Motion.

1

1. The chapter 11 case of In re Remora Petroleum, L.P., No. 20-34037 is hereby closed; provided that this Court shall retain jurisdiction as provided in Article XII of the Plan. 2. Entry of this Final Decree is without prejudice to (a) the rights of the Debtors, the Reorganized Debtors, or any party in interest, to seek to reopen the Lead Case or the Affiliate Cases for cause pursuant to section 350(b) of the Bankruptcy Code, and (b) the rights of the Debtors, the Reorganized Debtors, or any Entity authorized pursuant to the Plan, as applicable, to dispute, in this Court or any applicable non-bankruptcy forum, any claims filed against the Debtors in the Chapter 11 Cases, as provided in the Plan and the Confirmation Order. Notwithstanding anything to the contrary contained in the Plan, any failure of the Debtors, the Reorganized Debtors, or any Entity authorized pursuant to the Plan, as applicable, to file an objection to a claim in the Lead Case or the Affiliate Cases shall not constitute allowance of the claim and shall not result in such claim being deemed allowed against any Debtor. 3. The Reorganized Debtors, no later than thirty (30) days after the date of entry of the Final Decree, shall file a post-confirmation report for the second quarter of 2021 through the date of entry of the Final Decree and shall serve a true and correct copy of said statements on the United States Trustee (the “U.S. Trustee”). 4. The Reorganized Debtors shall pay the appropriate sum of quarterly fees due and payable under 28 U.S.C. § 1930(a)(6)(A) and (B) with respect to the Lead Case by remitting payment to the United States Trustee Payment Center, P.O. Box 6200-19, Portland, Oregon, 97228-6200 no later than the date on which such quarterly fees are otherwise due, and shall furnish evidence of such payment to the acting U.S. Trustee, 515 Rusk, Suite 3516, Houston, Texas. The payment shall reflect the Reorganized Debtors’ account numbers and shall be transmitted with a

2

“Chapter 11 Quarterly Disbursement and Fee Report” available from the acting U.S. Trustee. This Court shall retain jurisdiction to enforce of fees assessed under 28 U.S.C. § 1930(a)(6)(A) and (B). 5. Following the completion of the services identified in paragraph 6 below, Donlin, Recano & Company, Inc. (“DRC”) shall have no further obligations to this Court or any party in interest with respect to the claims, noticing, and solicitation services in these Chapter 11 Cases. 6. Consistent with the Order Authorizing Employment and Retention of Donlin, Recano & Company, Inc. as Claims, Noticing, and Solicitation Agent [Docket No. 32], after the entry of this Final Decree, DRC shall archive all proofs of claim with the Federal Archives Record Administration, if applicable, and transmit to the Clerk’s office all claims in an electronic format, if applicable, and shall be compensated by the Debtors in connection therewith. 7. The Reorganized Debtors or any Entity authorized pursuant to the Plan, and their respective agents are authorized to take all actions necessary to effectuate the relief granted pursuant to this Final Decree in accordance with the Motion. 8. Nothing in this Final Decree shall change the amount or nature of any distribution, or any other substantive rights, that any claim against or interest in any Debtor would have been entitled to under the Plan, the Confirmation Order, the Bankruptcy Code, the Bankruptcy Rules, or otherwise, had this Final Decree not been entered. 9. Notwithstanding anything to the contrary, the terms and conditions of this Final Decree shall be immediately effective and enforceable upon its entry. 10. Notwithstanding the relief granted in this Final Decree and any actions taken pursuant to such relief, nothing in this Final Decree shall be deemed: (a) an admission as to the validity of any prepetition claim against a Debtor entity; (b) a waiver of the right of the Debtors, Reorganized Debtors or any Entity authorized pursuant to the Plan, as applicable, to dispute any

3

prepetition claim on any grounds; (c) a promise or requirement to pay any prepetition claim; (d) an implication or admission that any particular claim is of a type specified or defined in this Final Decree or the Motion; (e) a request or authorization to assume any prepetition agreement, contract, or lease pursuant to section 365 of the Bankruptcy Code; (f) a waiver or limitation of the Debtors’ or Reorganized Debtors’ rights or the rights of any other Person under the Bankruptcy Code or any other applicable law; or (g) a concession by the Debtors, Reorganized Debtors, or any Entity authorized pursuant to the Plan, as applicable, that any liens (contractual, common law, statutory, or otherwise) satisfied pursuant to the Motion are valid, and the Debtors, Reorganized Debtors or any Entity authorized pursuant to the Plan, as applicable, expressly reserve their rights to contest the extent, validity, or perfection or seek avoidance of all such liens. 11. The Reorganized Debtors are hereby authorized to take such actions and to execute such documents as may be necessary to implement the relief granted by this Final Decree. 12. This Court retains exclusive jurisdiction with respect to all matters arising from or related to the implementation, interpretation, and enforcement of this Final Decree. SignSeidg:n eJdu: n e 29, 2 021. , 2021 ____ ______ ______ ______ ______ ______ __ DADVAIVDI DR .R J.O JNOENSE S UNITED STATES BANKRUPTCY JUDGE UNITED STATES BANKRUPTCY JUDGE

4