Evolve Transition Infrastructure LP (SNMP) Announces Court Approval of Mesquite Settlement Agreement
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Evolve Transition Infrastructure Announces Court Approval of Mesquite Settlement Agreement
June 7, 2022 4:37 PM EDTHOUSTON, June 07, 2022 (GLOBE NEWSWIRE) -- Evolve Transition Infrastructure LP (Evolve) (NYSE American: SNMP) today announced the approval by the United States Bankruptcy Court for the Southern District of Texas of the previously announced Settlement Agreement between Evolve and Mesquite Energy, Inc. (Mesquite) and certain of their respective affiliates resolving outstanding claims between the parties.
As part of the Settlement Agreement, Mesquite will pay $10 million to Evolve and each of the parties to the Settlement Agreement will execute and deliver to each other party to the Settlement Agreement customary releases providing for, among... More
