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IN RE RIVIERA RESOURCES, INC.

C.A. No. 2022-0862-JTL.

291 A.3d 1091 (2023)

IN RE RIVIERA RESOURCES, INC.

Court of Chancery of Delaware.

Date Decided: March 20, 2023.

Attorney(s) appearing for the Case

Kevin M. Gallagher , Alexander M. Krischik , RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; Attorneys for Petitioner Riviera Resources, Inc.

Joseph L. Christensen , CHRISTENSEN & DOUGHERTY LLP, Wilmington, Delaware; R. Brent Blackstock , Courteney R. Sturgell , BRENT BLACKSTOCK PLC, Tulsa, Oklahoma; Attorneys for Claimants Prosser Group Investments II, LLC and Magness Energy, LLC.

Willie-Jay:Smith-Bey III, Los Angeles, California; Pro Se Claimant.

OPINION ADDRESSING APPOINTMENT OF GUARDIAN AD LITEM UNDER SECTION 280(a)(3)

From April 2018 until December 2020, Riviera Resources, Inc. (the "Company") operated an upstream petrochemicals business that involved acquiring and operating existing oil and gas wells. The Company owned...

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