Dallas, TX | June 23, 2009 — Dallas-based Provident Royalties LLC and its affiliates have filed for Chapter 11 bankruptcy protection in Texas and plans to sell certain assets and liabilities to Sinclair Oil & Gas Co., a subsidiary of Salt Lake City-based Sinclair Oil Corp.
The company has between $1 million and $10 million in assets in the Midcontinent region in Oklahoma, North Texas and Arkansas. Its affiliates include Shale Royalties 5 Inc., Shale Royalties 9 Inc. and Somerset Lease Holdings Inc.
As of June 12, the company had between $100 million and $500 million in estimated liabilities.
Go Back
Go Back