EX-99.1 2 gmxmayoperatingreport-exhi.htm EXHIBIT 99.1 GMX May Operating Report - Exhibit 99.1


Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF
 
 
 
 
 
 
 
IN RE:
 
 
 
}
CASE NUMBER
 
 
 
 
 
}
13-11456
 
 
 
 
 
}
 
 
 
 
 
 
}
 
 
 
 
 
 
}
 
 
DEBTOR(S)
GMX Resources Inc.
}
CHAPTER 11
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
DEBTOR'S STANDARD MONTHLY OPERATING REPORT (BUSINESS)
 
 
 
 
 
 
 
FOR THE PERIOD
 
 
FROM
May 1, 2013
TO
May 31, 2013
 
 
 
 
 
 
 
 
Comes now the above-named debtor and files its Monthly Operating Reports in accordance with the Guidelines established by the United States Trustee and FRBP 2015.
 
 
 
 
 
 
 
 
 
 
 
 
/s/ William H. Hock
 
 
 
 
 
Attorney for Debtor's Signature
 
 
 
 
 
 
 

Debtor's Address and Phone Number:
Attorney's Address and Phone Number:
GMX Resources Inc.
Crowe & Dunlevy
9400 N. Broadway, Suite 600
20 North Broadway, Suite 1800
Oklahoma City, OK 73114
Oklahoma City, OK 73102
405-600-0711
405-235-7700

Note: The original Monthly Operating Report is to be filed with the court and a copy simultaneously provided to the United States Trustee Office. Monthly Operating Reports must be filed by the 21st day of the following month.
 
 
 
 
 
For assistance in preparing the Monthly Operating Report, refer to the following resources on the United States Trustee Program Website, http://www.justice.gov/ust/r20/index.htm.
 
 
 
 
 
1.
Instructions for Preparations of Debtor’s Chapter 11 Monthly Operating Report
2.
Initial Filing Requirements
3.
Frequently Asked Questions (FAQs)



MOR-1


SCHEDULE OF RECEIPTS AND DISBURSEMENTS
FOR THE PERIOD BEGINNING May 1, 2013 AND ENDING May 31, 2013

Name of Debtor: GMX Resources Inc.     Case Number 13-11456
Date of Petition: April 1, 2013


CURRENT MONTH

CUMULATIVE PETITION TO DATE
1.
FUNDS AT BEGINNING OF PERIOD
5,883,621


945,484

2.
RECEIPTS:




A. Cash Sales




Minus: Cash Refunds




Net Cash Sales




B. Accounts Receivable
5,653,915


11,057,222


C. Other Receipts (See MOR-3)
567,040


10,191,048

3.
TOTAL RECEIPTS (Lines 2A+2B+2C)
6,220,955


21,248,270

4.
TOTAL FUNDS AVAILABLE FOR OPERATIONS (Line 1 + Line 3)
12,104,576


22,193,754

5.
DISBURSEMENTS




A. Advertising




B. Bank Charges
7,037


9,030


C. Contract Labor
35,177


35,177


D. Fixed Asset Payments (not incl. in “N”)
699,393


4,223,423


E. Insurance
1,067,109


1,153,811


F. Inventory Payments (See Attach. 2)
16,761


36,360


G. Leases
510,352


1,319,857


H. Manufacturing Supplies




I. Office Supplies
53,766


80,532


J. Payroll - Net (See Attachment 4B)
664,870


1,063,446


K. Professional Fees (Accounting & Legal)
125,024


255,105


L. Rent
97,971


181,595


M. Repairs & Maintenance
5,888


7,928


N. Secured Creditor Payments (See Attach. 2)
516,667


1,239,792


O. Taxes Paid - Payroll (See Attachment 4C)
175,403


357,978


P. Taxes Paid - Sales & Use (See Attachment 4C)
20


4,408


Q. Taxes Paid - Other (See Attachment 4C)
6,631


13,653


R. Telephone
17,123


31,900


S. Travel & Entertainment
27,641


40,693


Y. U.S. Trustee Quarterly Fees




U. Utilities
51,444


85,316


V. Vehicle Expenses




W. Other Operating Expenses (See MOR-3)
1,516,494


5,543,945

6.
TOTAL DISBURSEMENTS (Sum of 5A thru W)
5,594,771


15,683,949

7.
ENDING BALANCE (Line 4 Minus Line 6)
6,509,805


6,509,805


I declare under penalty of perjury that this statement and the accompanying documents and reports are true and correct to the best of my knowledge and belief.
This 25th day of June, 2013
/s/ Michael J. Rohleder
 
Michael J. Rohleder, President

(a)This number is carried forward from last month’s report. For the first report only, this number will be the balance as of the petition date.
(b)This figure will not change from month to month. It is always the amount of funds on hand as of the date of the petition.
(c)These two amounts will always be the same if form is completed correctly.

MOR-2


MONTHLY SCHEDULE OF RECEIPTS AND DISBURSEMENTS (cont’d)
                    
Detail of Other Receipts and Other Disbursements

OTHER RECEIPTS:
Describe Each Item of Other Receipt and List Amount of Receipt. Write totals on Page MOR-2, Line 2C.

Description
 
CURRENT MONTH

CUMULATIVE PETITION TO DATE
Debtor In Possession ("DIP") Loan
 
$


$
9,540,000

Cash distribution from Endeavor Gathering LLC
 
297,790


354,530

Return of excess insurance deposit
 
170,698


170,698

Miscellaneous refunds
 
98,552


125,820

Total
 
$
567,040


$
10,191,048



“Other Receipts” includes Loans from Insiders and other sources (i.e. Officer/Owner, related parties directors, related corporations, etc.). Please describe below:

Loan Amount (1)

Source of Funds

Purpose

Repayment Schedule
N/A




























OTHER DISBURSEMENTS:

Describe Each Item of Other Disbursement and List Amount of Disbursement. Write totals on Page MOR-2, Line 5W.
Description
 
CURRENT MONTH

CUMULATIVE PETITION TO DATE
Return of erroneous joint interest payment received
 
$


$
621,265

Monthly gathering and transportation fee to Endeavor Gathering
 
171,060


1,396,150

Volumetric production payment
 


857,840

Monthly distribution to royalty and working interest owners
 
1,268,983


2,592,239

Miscellaneous disbursements
 
76,451


76,451

Total
 
$
1,516,494


$
5,543,945


NOTE: Attach a current Balance Sheet and Income (Profit & Loss) Statement. See Exhibit I Attached

MOR-3


ATTACHMENT 1

MONTHLY ACCOUNTS RECEIVABLE RECONCILIATION AND AGING
Name of Debtor: GMX Resources Inc. Case Number: 13-11456
Reporting Period beginning May 1, 2013 Period ending May 31, 2013
ACCOUNTS RECEIVABLE AT PETITION DATE: $50,089,238
ACCOUNTS RECEIVABLE RECONCILIATION
(Include all accounts receivable, pre-petition and post-petition, including charge card sales which have not been received):

 
Oil & Gas Sales

Joint Interest Billing

Other Accounts Receivable (1)

Intercompany Receivable/Payable (2)

Total
Beginning of Month Balance (a)
 
$
9,509,553


$
2,348,922


$
7,065,992


$
33,491,281


$
52,415,748

Plus: Current Month New Billings
 
$
2,563,952


$
130,318


$
84,591


$
1,623,651


$
4,402,512

Minus: Collection During Month (b)
 
$
(4,041,902
)

$
(680,401
)

$
(73,773
)

$
(857,839
)

$
(5,653,915
)
Minus: Revenue Netting
 
$


$
(114,291
)

$


$


$
(114,291
)
Plus/Minus: Adjustments or Writeoffs
 
$


$


$
(461,364
)

$
(13,409,295
)

$
(13,870,659
)
End of Month Balance (c)
 
$
8,031,603


$
1,684,548


$
6,615,446


$
20,847,798


$
37,179,395

(1) Other Accounts Receivable contains Accounts Receivable due from a third party involving the Cotton Valley asset sale, and other Miscellaneous Receivables.
(2) Intercompany Receivable/Payable includes amounts due to or due from Endeavor Gathering LLC, which is a subsidiary of the Company that is not part of the consolidated bankruptcy filing.
*For any adjustments or Write-offs provide explanation and supporting documentation, if applicable:
Adjustments include reclass of intercompany accounts.
POST PETITION ACCOUNTS RECEIVABLE AGING
(Show the total for each aging category for all accounts receivable)

 
0-30 Days

31-60 Days

61-90 Days

Over 90 Days

Total
Oil & Gas Sales - For the current reporting month
 
$
3,306,825


$
2,859,092


$


$


$
6,165,917

Joint Interest Billing
 
$
125,448


$
888,233


$


$


$
1,013,681

Other Accounts Receivable
 
$
4,167


$
4,167


$


$


$
8,334

Intercompany Receivable/Payable
 
$
582,731


$
717,056






$
1,299,787


For any receivables in the “Over 90 Days” category, please provide the following:
Customer

Receivable Date

Status
N/A

N/A

N/A

(a)This number is carried forward from last month’s report. For the first report only, this number will be the balance as of the petition date.
(b)This must equal the number reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR-2, Line 2B).
(c)These two amounts must equal.

MOR-4


ATTACHMENT 2

MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT

Name of Debtor: GMX Resources Inc. Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

In the space below list all invoices or bills incurred and not paid since the filing of the petition. Do not include amounts owed prior to filing the petition. In the alternative, a computer generated list of payables may be attached provided all information requested below is included.

POST-PETITION ACCOUNTS PAYABLE
Date Incurred
 
Days Outstanding
 
Vendor
 
Description
 
Amount (b)
 
 
 
 
 
 
 
 
 
See Exhibit II attached. Note that the listing does not include accruals for invoices not yet received as of the closing of the financial statements for the current month.

þ Check here if pre-petition debts have been paid. Attach an explanation and copies of supporting
documentation. The Company was given the authority to pay approximately $6.9 million in pre-petition debts. The court order providing authorization to pay these debts was previously provided with the filing of the April 2013 operating report. See Exhibit III attached, which is the schedule of pre-petition debts paid in the current reporting period.
                                                                                                                                                                                
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Unsecured Debt Only)

Opening Balance (a)
$
514,869

PLUS: New Indebtedness Incurred This Month
7,976,852

MINUS: Amount Paid on Post Petition Accounts Payable This Month
(5,197,726
)
PLUS/MINUS: Adjustments *

Ending Month Balance (c)
$
3,293,995



*For any adjustments provide explanation and supporting documentation, if applicable.
                                                                                                                                                                                 

MOR-5


SECURED PAYMENTS REPORT
List the status of Payments to Secured Creditors and Lessors (Post Petition Only). If you have entered into a modification agreement with a secured creditor/lessor, consult with your attorney and the United States Trustee Program prior to completing this section).

Secured Creditor/Lessor

Date Payment Due This Month

Amount Paid This Month

Number of Post Petition Payments Delinquent

Total Amount of Post Petition Payments Delinquent
DIP Loan Agreement Interest

5/31/2013

$516,666.67

$—

$—



























TOTAL (d)



$516,666.67






(a)This number is carried forward from last month’s report. For the first report only, this number will be zero.
(b, c)The total of line (b) must equal line (c).
(d)This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements (Page MOR-2, Line 5N).

MOR-6


ATTACHMENT 3
INVENTORY AND FIXED ASSETS REPORT

Name of Debtor: GMX Resources Inc.     Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

INVENTORY REPORT

Inventory Balance at Petition Date

Inventory Balance @ Beginning of Month

Inventory Purchased During the Month

Inventory Used

Adjustments

Ending Inventory
Material Inventories
$
3,299,079


$
3,290,180


$
478


$
83,417


$


$
3,207,241

Oil Inventory
$
69,600


$
72,140


$


$
31,030


$


$
41,110

Total Inventory
$
3,368,679


$
3,362,320


$
478


$
114,447


$


$
3,248,351


METHOD OF COSTING INVENTORY: Method of Costing Inventory: Inventory consist of Materials used to maintain on Oil & Gas properties and crude oil in tanks. The cost of materials are based upon the purchase price of the item using FIFO method of valuation. Cost of Oil Inventory is based upon the lift cost of producing the oil.
*For any adjustments or write-downs provide explanation and supporting documentation, if applicable. N/A
                                                                                                                                                                                                              
INVENTORY AGING
Note: This section is not applicable. Other than oil in tanks, which is sold on a daily or weekly basis, the Company's inventory is held for oil and gas properties and not for resale.
Less than 6 months old

6 months to 2 years old

Greater than 2 years old

Considered Obsolete

Total Inventory
N/A - See Note Above

N/A - See Note Above

N/A - See Note Above

N/A - See Note Above

$
3,248,351

* Aging Percentages must equal 100%.
o Check here if inventory contains perishable items.
Description of Obsolete Inventory: N/A
FIXED ASSET REPORT

FIXED ASSETS FAIR MARKET VALUE AT PETITION DATE (b): Fair market value of fixed assets at petition date is not available.
(Includes Property, Plant and Equipment)
BRIEF DESCRIPTION (First Report Only): Fixed assets include the Company's oil and natural gas properties, pipeline and related facilities, drilling rigs, machinery and equipment, buildings, leasehold improvements, office equipment and land.
Fixed Asset Reconciliation:


Fixed Asset Book Value at Beginning of Month (a) (b)
$
243,852,910

Minus: Depreciation Expense
(806,093
)
Plus: New Purchases
2,077,629

Plus/Minus: Adjustments or Write-downs *
(167,804
)
Ending Monthly Balance
$
244,956,642

*For any adjustments or write-downs, provide explanation and supporting documentation, if applicable. The Company sold vehicles, computer equipment and wrote down the value of inventory during the reporting period.
BRIEF DESCRIPTION OF FIXED ASSETS PURCHASED OR DISPOSED OF DURING THE REPORTING PERIOD: Capitalized interest, leasehold costs, capitalized G&A, intangible drilling costs, and well equipment.
(a)This number is carried forward from last month’s report. For the first report only, this number will be the balance as of the petition date.
(b)Fair Market Value is the amount at which fixed assets could be sold under current economic conditions. Book Value is the cost of the fixed assets minus accumulated depreciation and other adjustments.

MOR-7


ATTACHMENT 4A

MONTHLY SUMMARY OF BANK ACTIVITY - OPERATING ACCOUNT

Name of Debtor: GMX Resources Inc. Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity (See Exhibit V). A standard bank reconciliation form can be found at http://www.justice.gov/ust/r20/index.htm. If bank accounts other than the three required by the United States Trustee Program are necessary, permission must be obtained from the United States Trustee prior to opening the accounts. Additionally, use of less than the three required bank accounts must be approved by the United States Trustee.
Name of Bank:
Capital One Bank
Branch:
N/A
Account Name:
GMX Resources Inc. Operating Account and Controlled Disbursement Account
Account Number:
XXXXXX7607 (Operating Account)
XXXXX1752 (Disbursements Account)

PURPOSE OF ACCOUNT: OPERATING

Ending Balance per Bank Statement
$
7,192,982

Plus: Total Amount of Outstanding Deposits
35,750

Minus: Total Amount of Outstanding Checks and Other Debits *
(798,884
)
Minus Service Charges

Ending Balance per Check Register **(a)
$
6,429,848


*Debit cards are used by: N/A

**If Closing Balance is negative, provide explanation: N/A

The following disbursements were paid in Cash (do not includes items reported as Petty Cash on Attachment 4D: ( o Check here if cash disbursements were authorized by United States Trustee)

Date Amount Payee Purpose Reason for Cash Disbursement

N/A - No disbursements were paid in Cash

TRANSFERS BETWEEN DEBTOR IN POSSESSION ACCOUNTS
“Total Amount of Outstanding Checks and other debits”, listed above, includes:


$____N/A________Transferred to Payroll Account
$____N/A________Transferred to Tax Account



(a) The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-8


ATTACHMENT 5A

CHECK REGISTER - OPERATING ACCOUNT


Name of Debtor: GMX Resources Inc. Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

NAME OF BANK: Capital One Bank BRANCH: N/A

ACCOUNT NAME: GMX Resources Inc. Operating Account and Controlled Disbursement Account

ACCOUNT NUMBER: XXXXXX7607 (Operating Account)
XXXXX1752 (Disbursements Account)

PURPOSE OF ACCOUNT: OPERATING

Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.

CHECK
DATE     NUMBER     PAYEE         PURPOSE            AMOUNT
See Exhibit IV
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    

TOTAL
$

        

MOR-9


ATTACHMENT 4B

MONTHLY SUMMARY OF BANK ACTIVITY - PAYROLL ACCOUNT

Name of Debtor: GMX Resources Inc. Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found at http://www.justice.gov/ust/r20/index.htm.

Note: The Company uses a payroll service (Paylocity) to provide payroll and does not have a separate payroll account. Total bi-weekly payroll amounts for the Company are drafted from the operating account by the payroll service and those withdrawals are included in the disbursements section of the Company's operating account.

NAME OF BANK: N/A BRANCH: N/A

ACCOUNT NAME: N/A ACCOUNT NUMBER: N/A
PURPOSE OF ACCOUNT: PAYROLL

Ending Balance per Bank Statement                $ N/A
Plus Total Amount of Outstanding Deposits
$ N/A
Minus Total Amount of Outstanding Checks and other debits
$ N/A *
Minus Service Charges
$ N/A
Ending Balance per Check Register                $ N/A **(a)

*Debit cards must not be issued on this account.

**If Closing Balance is negative, provide explanation: N/A
The following disbursements were paid by Cash: ( o Check here if cash disbursements were authorized by United States Trustee)

Date Amount Payee Purpose Reason for Cash Disbursement
N/A     
    
    
The following non-payroll disbursements were made from this account:

Date Amount Payee Purpose Reason for disbursement from this account
N/A     

(a)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).        

                                            




MOR-10




ATTACHMENT 5B

CHECK REGISTER - PAYROLL ACCOUNT


Name of Debtor: GMX Resources Inc.     Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

Note: The Company uses a payroll service (Paylocity) to service payroll and does not have a separate payroll account. The total funds are drafted from the operating account by the payroll service and those withdrawals are included in the disbursements section of the Company's operating account.

NAME OF BANK: N/A BRANCH: N/A

ACCOUNT NAME: N/A

ACCOUNT NUMBER: N/A

PURPOSE OF ACCOUNT: PAYROLL

Account for all disbursements, including voids, lost payments, stop payment, etc. In the alternative, a computer generated check register can be attached to this report, provided all the information requested below is included.

CHECK
DATE     NUMBER     PAYEE         PURPOSE             AMOUNT
N/A
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         

TOTAL
$


MOR-11



ATTACHMENT 4C

MONTHLY SUMMARY OF BANK ACTIVITY - TAX ACCOUNT

Name of Debtor: GMX Resources Inc. Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

Attach a copy of current month bank statement and bank reconciliation to this Summary of Bank Activity. A standard bank reconciliation form can be found on the United States Trustee website, http://www.justice.gov/ust/r20/index.htm.

Note: The Company does not have a separate bank account related to taxes. Taxes are withdrawn from the Company's operating account. See "Attachment 5c" below for taxes paid and "Attachment 6" below for taxes owed and due for the period.

NAME OF BANK: N/A     BRANCH: N/A

ACCOUNT NAME: N/A     ACCOUNT NUMBER: N/A

PURPOSE OF ACCOUNT: TAX

Ending Balance per Bank Statement
$ N/A
Plus Total Amount of Outstanding Deposits        $ N/A
Minus Total Amount of Oustanding Checks and other debits $ N/A *
Minus Service Charges                    $ N/A
Ending Balance per Check Register                    $ N/A **(a)
    
*Debit cards must not be issued on this account.

**If Closing Balance is negative, provide explanation: N/A
                                                                                                                                                                               

The following disbursements were paid by Cash: ( ☐ Check here if cash disbursements were authorized by
United States Trustee)
Date
Amount     Payee     Purpose         Reason for Cash Disbursement
N/A                    
                   
                   

The following non-tax disbursements were made from this account:

Date
Amount     Payee     Purpose        Reason for disbursement from this account
N/A                    
                   
                   

(a)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as
“Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-12


ATTACHMENT 5C

CHECK REGISTER - TAX ACCOUNT


Name of Debtor: GMX Resources Inc.     Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

Note: The Company does not have a separate check register related to taxes. Taxes are withdrawn from the Company's operating account. See below for taxes paid and "Attachment 6" below for taxes owed and due for the period.

NAME OF BANK: N/A BRANCH: N/A

ACCOUNT NAME: N/A ACCOUNT # N/A

PURPOSE OF ACCOUNT: TAX

Account for all disbursements, including voids, lost checks, stop payments, etc. In the alternative, a computer-generated check register can be attached to this report, provided all the information requested below is included.

CHECK
DATE     NUMBER     PAYEE         PURPOSE            AMOUNT
N/A
         
         
         
         
         

TOTAL
(d)
SUMMARY OF TAXES PAID

Payroll Taxes Paid (a)
$
175,403

Sales & Use Taxes Paid (b)
20

Other Taxes Paid (c)
6,631

Total (d)
$
182,054


(a) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements
(Page MOR-2, Line 5O).
(b) This number is reported in the “Current Month” column of Schedule or Receipts and Disbursements
(Page MOR-2, Line 5P).
(c) This number is reported in the “Current Month” column of Schedule of Receipts and Disbursements
(Page MOR-2, Line 5Q).
(d) These two lines must be equal.


MOR-13


ATTACHMENT 4D

INVESTMENT ACCOUNTS AND PETTY CASH REPORT

INVESTMENT ACCOUNTS

Each savings and investment account, i.e. certificates of deposits, money market accounts, stocks and bonds, etc., should be listed separately. Attach copies of account statements.

Instrument

Face Value

Purchase Price

Date of Purchase

Current Market Value
Capital One Money Market Account

N/A

N/A

N/A

$25,107
Morgan Stanley Money Market Account

N/A

N/A

N/A

$50,049
Total (a)







$75,156


PETTY CASH REPORT

The following Petty Cash Drawers/Accounts are maintained:


(Column 2)

(Column 3)

(Column 4)
Location of Box/Account

Maximum Amount of Cash in Drawer/Acct

Amount of Petty Cash on Hand at End of Month

Difference between (Column 2) and (Column 3)
Oklahoma City Office

N/A

$4,777

N/A
Total (b)



$4,777



For any Petty Cash Disbursements over $100 per transaction, attach copies of receipts. If there are no receipts, provide an explanation:
$274.10
 
Working Meals
 
 
 
 
 
 
 
 
 

Total Investments Accounts and Petty Cash (a + b) (c)

$79,933
                    
(c)The total of this line on Attachment 4A, 4B and 4C plus the total of 4D must equal the amount reported as “Ending Balance” on Schedule of Receipts and Disbursements (Page MOR-2, Line 7).

MOR-14


ATTACHMENT 6

MONTHLY TAX REPORT

Name of Debtor: GMX Resources Inc. Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

TAXES OWED AND DUE

Report all unpaid post-petition taxes including Federal and State withholding FICA, State sales tax, property tax, unemployment tax, State workmen's compensation, etc.

Name of Taxing Authority

Date Payment Due

Description

Amount

Date Last Tax Return File

Tax Return Period
Texas State Comptroller

6/19/2016

 Production & Severance Tax

$
1,209


4/19/2013

Mar-13
Texas State Comptroller

7/19/2013

 Estimated Production & Severance Tax

$
1,989


4/19/2013

Apr-13
Barber County Treasurer

1/31/2014

Estimated Ad Valorem Taxes

$
192


No filings - Billed from County

Year of 2013
Cass County Tax Collector

1/31/2014

Estimated Ad Valorem Taxes

$
173


4/15/2013

Year of 2013
Harrison Central

1/31/2014

Estimated Ad Valorem Taxes

$
153,563


4/15/2013

Year of 2013
Harrison County

1/31/2014

Estimated Ad Valorem Taxes

$
54,154


4/15/2013

Year of 2013
Marion County, Karen Jones

1/31/2014

Estimated Ad Valorem Taxes

$
1,483


4/15/2013

Year of 2013
Panola County Clerk - Tax Assesor

1/31/2014

Estimated Ad Valorem Taxes

$
1,258


4/15/2013

Year of 2013
Louisiana Dept of Revenue

9/15/2013

Estimated 2012 Income Tax

$
500


Not yet filed.

Year of 2012
Total





$
214,521










MOR-15


ATTACHMENT 7

SUMMARY OF OFFICER OR OWNER COMPENSATION

SUMMARY OF PERSONNEL AND INSURANCE COVERAGES

Name of Debtor: GMX Resources Inc. Case Number: 13-11456

Reporting Period beginning May 1, 2013 Period ending May 31, 2013

Report all forms of compensation received by or paid on behalf of the Officer or Owner during the month. Include car allowances, payments to retirement plans, loan repayments, payments of Officer/Owner’s personal expenses, insurance premium payments, etc. Do not include reimbursement for business expenses Officer or Owner incurred and for which detailed receipts are maintained in the accounting records.

Name of Officer or Owner

Title

Description

Amount Paid
Ken Kenworthy, Jr.

Chief Executive Officer

Salary

$
62,594





Gas Allowance

$
868

Michael Rohleder

President

Salary

$
48,681

James Merrill

Chief Financial Officer

Salary

$
38,760

Gary Jackson

Executive Vice President Land

Salary

$
37,500





Gas Allowance

$
1,750

Harry Stahel

Executive Vice President Finance

Salary

$
34,615

Tom Boismier

Director

Director fee

$
12,333

Thomas Casso

Director

Director fee

$
12,333

Mike Cook

Director

Director fee

$
10,333

Steve Craig

Director

Director fee

$
12,333

Ken Kenworthy, Sr

Director

Director fee

$
12,333

Jon "Tucker" McHugh

Director

Director fee

$
12,333




                                                                                                                                                                                 
PERSONNEL REPORT



Full Time

Part Time
Number of employees at beginning of period

53

Number hired during the period


Number terminated or resigned during the period

6

Number of employees on payroll at end of period

47


MOR-16


                                                                                                                                                                                
CONFIRMATION OF INSURANCE

List all policies of insurance in effect, including but not limited to workers' compensation, liability, fire, theft, comprehensive, vehicle, health and life. For the first report, attach a copy of the declaration sheet for each type of insurance. For subsequent reports, attach a certificate of insurance for any policy in which a change occurs during the month (new carrier, increased policy limits, renewal, etc.).

Agent and/or Carrier

Phone Number

Policy Number

Coverage Type

Expiration Date

Premium Due Date
Chubb Group of Insurance Companies (Federal Insurance Company) 15 Mountain View Road Warren NJ 07059

908-903-2000

35863507

Insurance policy covering property, general liability, inland marine, pollution, commercial auto and umbrella liability

2/17/2014

N/A, all premiums have been paid in full
Great American Insurance Company 301 E. 4th Street Cincinnati, OH 45202

513-369-5000

IMP847592804

Insurance Policy covering equipment floater on owned pipe

2/17/2014

N/A, all premiums have been paid in full
First Mercury Insurance Company 26600 Telegraph Road Southfield MI 48033

248-358-4010

TXEX000000598201

Insurance policy covering commerical excess liability

2/17/2014

N/A, all premiums have been paid in full
National Union Fire Ins. Co. C/O Chartis 175 Water Street, 9th Floor NY, NY 10038

212-770-7000

17180256

Directors and officers liability insurance

2/17/2014

N/A, all premiums have been paid in full
US Speciality Insurance Company 8144 Walnut Hill Lane Dallas TX 75231

713-744-3700

14MGU13A28644

Excess directors and officers liability insurance

2/17/2014

N/A, all premiums have been paid in full
Zurich American Insurance Co. 1400 American Lane Schaumburg, IL 60195

1-800-987-3373

WC9280982

Workers compensation and employers liability

12/22/2013

N/A, all premiums have been paid in full
Travelers Casualty and Surety Company of America One Town Square, Hartford, CT 06183

1-800-842-5075

105536833

Crime, fidelity insurance, employment practices & fiduciary liability

12/22/2013

N/A, all premiums have been paid in full

MOR-17


Lloyd's of London c/o Continental Energy Specialist, L.P P.O. Box 689 Fulshear TX 77441

281-533-9067

CESEP12290

Operators extra expense policy

8/8/2013

N/A, all premiums have been paid in full
Lincoln National Life Insurance Company 8801 Indian Hills Drive Omaha NE 68114

402-361-7300

403001143

Group term life; accidental death & dismemberment and short-term disability

10/31/2013

N/A, all premiums have been paid in full
Vision Services Plan, Inc. Oklahoma

918-398-2600

30010641

Employee vision insurance

10/31/2013

N/A, all premiums have been paid in full
BlueCross BlueShield of Oklahoma

1-800-942-5837

Y01585

Group health insurance

10/31/2013

N/A, all premiums have been paid in full
Delta Dental

405-607-2100

939600001

Group dental insurance

10/31/2013

N/A, all premiums have been paid in full


The following lapse in insurance coverage occurred this month:

Policy Type

Date Lapsed

Date Reinstated

Reason for Lapse
N/A for this period







Check here if U. S. Trustee has been listed as Certificate Holder for all insurance policies.

    

MOR-18


ATTACHMENT 8


SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD

Information to be provided on this page, includes, but is not limited to: (1) financial transactions that are not reported on this report, such as the sale of real estate (attach closing statement); (2) non-financial transactions, such as the substitution of assets or collateral; (3) modifications to loan agreements; (4) change in senior management, etc. Attach any relevant documents.
                                                                                                                                                                                

N/A for this period

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                



We anticipate filing a Plan of Reorganization and Disclosure Statement on or before (see note below) .

Note: The Company is conducting a 363 asset sale. The Asset Purchase Agreement was signed May 15, 2013


MOR-19

Exhibit I
GMX Resources Inc.
Balance Sheet

ASSETS
May 31, 2013
CURRENT ASSETS:
 
Cash and cash equivalents
$
6,509,805

Accounts receivable - interest owners
8,299,994

Accounts receivable - oil and natural gas revenues
8,031,603

Accounts receivable - intercompany
20,847,797

Inventories
41,110

Prepaid expenses and deposits
3,360,119

Assets held for sale
409,579

Total current assets
47,500,007

 
 
OIL AND NATURAL GAS PROPERTIES, BASED ON THE FULL COST METHOD
 
Properties being amortized
701,532,344

Properties not subject to amortization
139,530,695

Less accumulated depreciation, depletion and impairment
(609,418,643
)
 
231,644,396

 
 
PROPERTY AND EQUIPMENT, AT COST, NET
13,312,247

OTHER ASSETS
9,994,332

Investment in Sub/Intercompany
27,303,631

 
 
TOTAL ASSETS
$
329,754,611

 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
CURRENT LIABILITIES
 
Accounts payable
$
24,100,113

Accounts payable - Intercompany
13,476,402

Other Accrued Expenses
8,018,125

Accrued interest
26,947,596

Revenue distribution payable
2,743,276

Short-term derivative instruments
1,888,832

Current maturities of long-term debt
10,025,750

Total current liabilities
87,200,094

 
 
LONG-TERM DEBT, LESS CURRENT MATURITIES
410,306,865

 
 
OTHER LIABILITIES
2,586,966

 
 
SHAREHOLDERS' EQUITY
 
9.25% Series B Cumulative Preferred Stock
3,177

Common stock
98,062

Additional paid-in capital
717,959,548

Retained earnings (Accumulated deficit)
(890,093,554
)
Accumulated other comprehensive income, net of taxes
1,693,453

Total GMX shareholders' equity
(170,339,314
)
Noncontrolling interest
 
 
 
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$
329,754,611



MOR-20

GMX Resources Inc.
Income Statement

 
Month Ending
 
May 31, 2013
REVENUES
 
O&G sales
$
1,484,302

Derivatives
53,998

TOTAL REVENUES
1,538,299

 
 
COSTS AND EXPENSES
 
Lease operating
896,057

Production taxes
69,690

Depreciation, depletion and amortization
814,193

General and administrative
4,809,728

Total expenses
6,589,668

 
 
OPERATING INCOME
(5,051,369
)
 
 
NON-OPERATING INCOME (EXPENSE)
 
Interest expense
(4,540,732
)
Interest and other income
(101,600
)
Unrealized gains (losses) on derivatives
712,405

Total non-operating expense
(3,929,928
)
 
 
Income (loss) before income taxes
(8,981,297
)
 
 
PROVISION (BENEFIT) FOR INCOME TAXES
128,526

 
 
NET INCOME (LOSS)
(9,109,823
)
 
 
NET INCOME APPLICABLE TO GMX
(9,109,823
)
Preferred stock dividends
612,183

 
 
NET INCOME APPLICABLE TO COMMON SHAREHOLDERS
$
(9,722,006
)



MOR-21




Exhibit II
 Inv Date
Days Outstanding
Vendor Name
Account Category
Balance Due
4/1/2013
60
IHS Global Inc.
Prepaid Expense
$
83,756

4/1/2013
60
IHS Global Inc.
Prepaid Expense
$
6,200

4/2/2013
59
Netjets Aviation, Inc
Travel Meals & Entertainment
$
55,318

4/2/2013
59
The CIT Group/Equipment
Travel Meals & Entertainment
$
24,390

4/3/2013
58
ALTERNATIVE WRECKER SERVICE,
8.8 Workover Expense
$
775

4/3/2013
58
Hotshot, Welding & Rental
8.8 Intang Completion Costs
$
3,545

4/3/2013
58
National Oilwell Varco, LP
8.8 Intang Completion Costs
$
86,214

4/3/2013
58
National Oilwell Varco, LP
8.8 Workover Expense
$
5,749

4/9/2013
52
Helmerich & Payne
8.8 Intang Completion Costs
$
20,986

4/9/2013
52
National Oilwell Varco, LP
8.8 Tangible Completion Costs
$
(65,637
)
4/9/2013
52
SANDLER O'NEILL & PARTNERS LP
Consulting and Prof Fees
$
100,000

4/10/2013
51
BUSY BEES HOT OIL, INC
8.8 Workover Expense
$
1,025

4/11/2013
50
National Oilwell Varco, LP
8.8 Tang Completion Cost
$
17,859

4/12/2013
49
Trotter Construction, Inc.
8.8 Workover Expense
$
22,242

4/15/2013
46
Missouri Valley Petroleum
8/8 Lease Operating Expense
$
385

4/22/2013
39
Direct Report Corporation
Investor and Director Expense
$
797

4/22/2013
39
SBG GREEN RIVER, LLC
8/8 Lease Operating Expense
$
1,198

4/22/2013
39
Shred-It USA, Inc.
General Office Expense
$
97

4/22/2013
39
SUPER HEATERS OF NORTH DAKOTA,
8.8 Intang Completion Costs
$
25,032

4/23/2013
38
RGD Trucking, Inc.
8.8 Workover Expense
$
1,163


MOR-22



 Inv Date
Days Outstanding
Vendor Name
Account Category
Balance Due
4/24/2013
37
Tervita LLC
8.8 Intang Completion Costs
$
4,200

4/25/2013
36
National Oilwell Varco, LP
8.8 Tang Completion Cost
$
(15,160
)
4/25/2013
36
Tervita LLC
8.8 Intang Completion Costs
$
3,045

4/26/2013
35
C & C Oilfield Services, LLC
8/8 Lease Operating Expense
$
1,272

4/26/2013
35
C & C Oilfield Services, LLC
Intercompany Accounts
$
1,871

4/26/2013
35
Tervita LLC
8.8 Intang Completion Costs
$
3,480

4/29/2013
32
Bob's Oilfield Service, Inc.
8.8 Intang Completion Costs
$
518

4/29/2013
32
Bob's Oilfield Service, Inc.
8.8 Intangible Drilling Costs
$
1,201

4/29/2013
32
Bob's Oilfield Service, Inc.
8/8 Lease Operating Expense
$
814

4/29/2013
32
Republic Services, Inc.
Rent and Utilities
$
553

4/29/2013
32
SANDLER O'NEILL & PARTNERS LP
Consulting and Prof Fees
$
100,000

4/29/2013
32
Shred-It USA, Inc.
General Office Expense
$
97

4/29/2013
32
Thurmond-McGlothlin, Inc.
8/8 Lease Operating Expense
$
160

4/29/2013
32
Thurmond-McGlothlin, Inc.
Intercompany Accounts
$
320

4/30/2013
31
Asset Risk Management, LLC
Other General & Administrative
$
22,974

4/30/2013
31
Bob's Oilfield Service, Inc.
8.8 Intangible Drilling Costs
$
1,065

4/30/2013
31
Bob's Oilfield Service, Inc.
8/8 Lease Operating Expense
$
656

4/30/2013
31
Globe Energy Services, LLC
8/8 Lease Operating Expense
$
5,867

4/30/2013
31
HPC Acquisition Corp.
Accounts Receivable
$
8,026

4/30/2013
31
Landtel Communications
8.8 Intang Completion Costs
$
184


MOR-23



 Inv Date
Days Outstanding
Vendor Name
Account Category
Balance Due
4/30/2013
31
Largo Gas Compression, Inc.
Intercompany Accounts
$
1,500

4/30/2013
31
Netjets Aviation, Inc
Travel Meals & Entertainment
$
702

4/30/2013
31
SBG GRASSY BUTTE LLC
8/8 Lease Operating Expense
$
3,758

4/30/2013
31
Solium Capital LLC
Telecomm and Computing
$
1,148

4/30/2013
31
Trotter Construction, Inc.
8.8 Intangible Drilling Costs
$
2,899

4/30/2013
31
Trotter Construction, Inc.
8.8 Workover Expense
$
1,766

4/30/2013
31
Trotter Construction, Inc.
8/8 Lease Operating Expense
$
435

4/30/2013
31
UELS, LLC
8.8 Intangible Drilling Costs
$
1,931

5/1/2013
30
Moody's Investors Service
Consulting and Prof Fees
$
14,500

5/1/2013
30
SBG GREEN RIVER, LLC
8/8 Lease Operating Expense
$
1,087

5/1/2013
30
Whiting Oil and Gas Corporatn
8/8 Lease Operating Expense
$
113,263

5/2/2013
29
Dillco Fluid Service, Inc.
8.8 Workover Expense
$
750

5/2/2013
29
Netjets Aviation, Inc
Travel Meals & Entertainment
$
55,318

5/3/2013
28
Black Hills Trucking, Inc
General Office Expense
$
500

5/3/2013
28
Bob's Oilfield Service, Inc.
8.8 Intang Completion Costs
$
740

5/3/2013
28
C & C Oilfield Services, LLC
8/8 Lease Operating Expense
$
723

5/3/2013
28
DAIOHS, USA Inc
Travel Meals & Entertainment
$
39

5/6/2013
25
Gulf States Transmission Corp
Intercompany Accounts
$
23,405

5/6/2013
25
Shred-It USA, Inc.
General Office Expense
$
96

5/7/2013
24
Ark-la-tex Electric, Inc.
General Office Expense
$
2,338

5/7/2013
24
Mclain-Chitwood Office Prods
General Office Expense
$
133


MOR-24



 Inv Date
Days Outstanding
Vendor Name
Account Category
Balance Due
5/7/2013
24
SBG GRASSY BUTTE LLC
8/8 Lease Operating Expense
$
2,690

5/8/2013
23
Bob's Oilfield Service, Inc.
8.8 Workover Expense
$
692

5/8/2013
23
Devon Energy Production Co. LP
8/8 Lease Operating Expense
$
966

5/8/2013
23
Lee Graphics, Inc.
General Office Expense
$
276

5/8/2013
23
SBG GREEN RIVER, LLC
8/8 Lease Operating Expense
$
1,637

5/9/2013
22
East Texas Copy Systems, Inc.
General Office Expense
$
55

5/9/2013
22
Globe Energy Services, LLC
8/8 Lease Operating Expense
$
1,967

5/9/2013
22
NCH Corporation
Intercompany Accounts
$
13,830

5/9/2013
22
Smith Operating & Management
8/8 Lease Operating Expense
$
5,297

5/10/2013
21
C & C Oilfield Services, LLC
8/8 Lease Operating Expense
$
1,959

5/10/2013
21
C & C Oilfield Services, LLC
Intercompany Accounts
$
951

5/10/2013
21
Nehls Chevrolet
Intercompany Accounts
$
61

5/10/2013
21
South Gateway Tire Co. Inc.
8/8 Lease Operating Expense
$
1,139

5/11/2013
20
M&K Hotshot & Trucking, Inc.
8.8 Workover Expense
$
895

5/13/2013
18
Continental Resources, Inc.
8/8 Lease Operating Expense
$
22,826

5/13/2013
18
Shred-It USA, Inc.
General Office Expense
$
96

5/14/2013
17
1SOURCE INTERNATIONAL, LLC
Telecomm and Computing
$
51

5/14/2013
17
Ark-la-tex Electric, Inc.
General Office Expense
$
1,161

5/14/2013
17
Elynx Technologies, LLC
8/8 Lease Operating Expense
$
1,285

5/14/2013
17
Elynx Technologies, LLC
Intercompany Accounts
$
945


MOR-25



 Inv Date
Days Outstanding
Vendor Name
Account Category
Balance Due
5/14/2013
17
Fredrikson & Byron, P.A.
8.8 Non-producing LH Costs
$
31,075

5/14/2013
17
McJunkin Red Man Corporation
8.8 Tang Completion Cost
$
189

5/14/2013
17
Mclain-Chitwood Office Prods
General Office Expense
$
44

5/14/2013
17
Missouri Valley Petroleum
8/8 Lease Operating Expense
$
3,176

5/14/2013
17
SBG GRASSY BUTTE LLC
8/8 Lease Operating Expense
$
5,280

5/15/2013
16
Black Hills Trucking, Inc
8.8 Workover Expense
$
5,878

5/15/2013
16
BLACKHAWK ENERGY SERVICES, INC
8.8 Intang Completion Costs
$
3,975

5/15/2013
16
BLACKHAWK ENERGY SERVICES, INC
8.8 Workover Expense
$
41,583

5/15/2013
16
NCH Corporation
8/8 Lease Operating Expense
$
15,319

5/16/2013
15
C.L. Frates & Company
Property and Casualty Ins
$
9,744

5/16/2013
15
Cameron International Group
8.8 Tang Completion Cost
$
47,244

5/16/2013
15
Globe Energy Services, LLC
8/8 Lease Operating Expense
$
4,081

5/16/2013
15
McAfee & Taft
Consulting and Prof Fees
$
89,379

5/16/2013
15
Paul, Weiss, Rifkind, Wharton
Consulting and Prof Fees
$
115,608

5/16/2013
15
Regency Intrastate Gas LP
Intercompany Accounts
$
450,000

5/17/2013
14
C & C Oilfield Services, LLC
8.8 Workover Expense
$
526

5/17/2013
14
C & C Oilfield Services, LLC
8/8 Lease Operating Expense
$
877

5/17/2013
14
C & C Oilfield Services, LLC
Intercompany Accounts
$
642

5/17/2013
14
DAIOHS, USA Inc
Travel Meals & Entertainment
$
247

5/17/2013
14
MBI Energy Rentals
8.8 Intang Completion Costs
$
3,465


MOR-26



 Inv Date
Days Outstanding
Vendor Name
Account Category
Balance Due
5/17/2013
14
Paul, Weiss, Rifkind, Wharton
Consulting and Prof Fees
$
684,147

5/18/2013
13
Elite Power LLC
8/8 Lease Operating Expense
$
4,279

5/20/2013
11
Andrews Kurth, LLP
Consulting and Prof Fees
$
509,304

5/20/2013
11
Crowe & Dunlevy, P.C.
Consulting and Prof Fees
$
86,920

5/20/2013
11
Estill, Hardwick, Gable Hall
Consulting and Prof Fees
$
32,110

5/20/2013
11
Jefferies & Company, Inc.
Consulting and Prof Fees
$
141,147

5/20/2013
11
WOLF PETROLEUM SERVICES, LLC
8.8 Intang Completion Costs
$
5,604

5/21/2013
10
Central Hydraulic, Inc.
8.8 Tang Completion Cost
$
45,112

5/21/2013
10
Eastern Colorado Well
8.8 Workover Expense
$
31,231

5/21/2013
10
Mclain-Chitwood Office Prods
General Office Expense
$
122

5/21/2013
10
Missouri Valley Petroleum
8/8 Lease Operating Expense
$
7,137

5/22/2013
9
Comdata Network, Inc.
Prepaid Expense
$
5,075

5/22/2013
9
Lee Graphics, Inc.
General Office Expense
$
844

5/23/2013
8
Globe Energy Services, LLC
8/8 Lease Operating Expense
$
3,869

5/24/2013
7
IHS Global Inc.
Telecomm and Computing
$
9

5/24/2013
7
Looper Reed & McGraw P.C.
Consulting and Prof Fees
$
68,341

5/27/2013
4
Mimecast North America, Inc.
Telecomm and Computing
$
1,300

5/28/2013
3
Direct Report Corporation
Investor and Director Expense
$
550

5/28/2013
3
Missouri Valley Petroleum
8/8 Lease Operating Expense
$
7,679

5/31/2013
Hub Properties Trust
Rent and Utilities
$
12,838

 
 
 
 
$
3,293,995




MOR-27


Pre-petition Accounts Payable Paid in May

Exhibit III
Check Date
Check No
Vendor Name
Transaction Amt on Check
5/1/2013
215505
Frontier Wellhead and Supply
$
18,270.00

5/1/2013
215506
McJunkin Red Man Corporation
$
18,155.46

5/3/2013
215510
Apex Remington, Inc.
$
4,731.28

5/3/2013
215512
Bob's Oilfield Service, Inc.
$
30,434.06

5/3/2013
215516
Elite Power LLC
$
26,040.00

5/3/2013
215519
J-W Measurement Company
$
6,649.35

5/3/2013
215520
James Oil Well Service, Inc.
$
768.00

5/3/2013
215523
Larco Ltd
$
500.00

5/3/2013
215528
Petroleum Services
$
1,330.00

5/3/2013
215529
Neuralog, LP
$
3,060.00

5/3/2013
215534
Prairie State HotShot, LLC
$
660.00

5/3/2013
215546
Thurmond-McGlothlin, Inc.
$
1,068.90

5/3/2013
215551
UELS, LLC
$
100.00

5/3/2013
215552
United Vision Logistics
$
1,190.00

5/10/2013
215556
ADVANTAGE OFFICE PRODUCTS
$
747.73

5/10/2013
215557
Ameripride Services, Inc.
$
478.72

5/10/2013
215558
Asset Risk Management, LLC
$
617.86

5/10/2013
215560
BLACKHAWK ENERGY SERVICES, INC
$
10,231.00

5/10/2013
215561
Baker's Printing Co, Inc.
$
301.28

5/10/2013
215562
Bell Supply Company
$
9,578.63

5/10/2013
215563
Blackout Energy Services, Inc.
$
3,654.00

5/10/2013
215566
Bradley G. Key
$
126.00

5/10/2013
215567
C & C Oilfield Services, LLC
$
2,676.16

5/10/2013
215568
C.L. Frates & Company
$
(3,158.00
)
5/10/2013
215571
Cintas Corporation
$
1,388.24

5/10/2013
215572
Comdata Network, Inc.
$
3,561.06

5/10/2013
215573
Connection Inspection of ND
$
9,126.00

5/10/2013
215575
DAIOHS, USA Inc
$
1,468.54

5/10/2013
215579
EON Enterprises, Inc.
$
601.79

5/10/2013
215580
Fredrikson & Byron, P.A.
$
23,278.22

5/10/2013
215582
Georgeson, Inc.
$
342.15

5/10/2013
215583
Globe Energy Services, LLC
$
4,586.86

5/10/2013
215584
H&S Valve, Inc.
$
1,754.77

5/10/2013
215585
XH, LLC
$
4,592.98

5/10/2013
215586
HRN Management Group, Inc.
$
2,180.00

5/10/2013
215588
Heller Casing Service, Inc.
$
7,950.00

5/10/2013
215590
James Murrell
$
111.49

5/10/2013
215594
Kuntz Sandblasting and
$
530.29

5/10/2013
215595
Lee Graphics, Inc.
$
422.18


MOR-28


Pre-petition Accounts Payable Paid in May

Check Date
Check No
Vendor Name
Transaction Amt on Check
5/10/2013
215596
Lufkin Industries
$
3,743.25

5/10/2013
215597
MLB Consulting, LLC
$
46,279.35

5/10/2013
215598
Mary Ann Grove
$
514.00

5/10/2013
215601
Music Mountain Water Co.
$
624.14

5/10/2013
215602
National Oilwell Varco L.P.
$
9,681.00

5/10/2013
215603
Oklahoma Office Systems, LLC
$
409.65

5/10/2013
215605
DAKOTA HOTSHOT EXPRESS
$
942.50

5/10/2013
215607
Phillip L. Lakin
$
150.00

5/10/2013
215608
Pitney Bowes Global Financial
$
1,738.78

5/10/2013
215609
Pitney Bowes Purchase Power
$
377.29

5/10/2013
215610
Prairie State HotShot, LLC
$
880.00

5/10/2013
215611
RED EARTH DESK & DERRICK
$
90.00

5/10/2013
215612
Randy Williams
$
433.50

5/10/2013
215615
Ronald Pilkington
$
144.96

5/10/2013
215618
SPL, Inc.
$
60.00

5/10/2013
215619
Shred-It USA - Denver
$
929.74

5/10/2013
215620
Southland Safety, LLC
$
693.60

5/10/2013
215621
Southwest Business
$
385.48

5/10/2013
215623
Stephens Land Services, Inc.
$
850.17

5/10/2013
215624
Sun Tubular Testing Services,
$
2,857.95

5/10/2013
215625
Superior Ford Lincoln Mercury
$
1,341.54

5/10/2013
215626
Susan A. Booth
$
7,252.75

5/10/2013
215627
The Bureau of National
$
1,541.01

5/10/2013
215628
The Wedel Group XIX
$
235.00