STACK Operator Files for Bankruptcy After Last-Ditch Drop in Activity

Alta Mesa Resources Inc. and several of its affiliates (including Alta Mesa Holdings LP, Alta Mesa Holdings GP, LLC, OEM GP, LLC, Alta Mesa Finance Services Corp., Alta Mesa Services, LP and Oklahoma Energy Acquisitions, LLC) have filed for bankruptcy.

The Companies’ midstream platform, Kingfisher Midstream LLC and its subsidiaries are not debtors and are not part of the Chapter 11 reorganization process.

The company has seen a complete drop off in well activity this year as it attempted to avoid filing chapter 11, as seen in the charts below:

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