Getzler Henrich acted as key strategic advisor in the sale of assets of Elm Ridge Exploration. GH provided management and financial consulting assistance to the Elm Ridge Exploration debtholders that resulted in a full recovery of their investment, which covered the sale of both upstream and midstream oil and gas assets to two parties.

Upstream assets consisted of more than 350 producing wells and undeveloped upside potential in the San Juan Basin and its acreage position covered approximately 185,000 net acres in New Mexico and Colorado.

The company’s midstream assets consisted of the more than 150 miles of gas gathering lines and associated gas processing and treating plants in Colorado and New Mexico. The oil and gas entity had been in default of a significant CLO.