TCR_Public/160611.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, June 11, 2016, Vol. 20, No. 163

                            Headlines

PARAGON OFFSHORE: Incurs $7.41 Million Net Loss in April
SANDRIDGE ENERGY: Proposes July 22 as Claims Bar Date

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PARAGON OFFSHORE: Incurs $7.41 Million Net Loss in April
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Paragon Offshore plc, et. al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for April 2016.

Paragon Offshore plc reported a net loss of $7.41 million on zero
revenue for the month.

As of April 30, 2016, Paragon Offshore plc posted total assets of
$3.84 billion, total liabilities of $2.31 billion, and $1.53
billion in total shareholders' equity.

The Debtors started the month with $523.51 million cash.  They
listed $46.94 million in total receipts and $35.95 million in
total disbursements.  At month end, the Debtors had $518.81
million
cash.

A copy of the monthly operating report is available at the SEC at:

                    https://is.gd/HXKfN8

                  About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a  
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.



SANDRIDGE ENERGY: Proposes July 22 as Claims Bar Date
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Sandridge Energy, Inc., et al., seek authority from the U.S.
Bankruptcy Court for the Southern District of Texas to set July 22,
2016, as the claim bar date to file proofs of claim based on
prepetition claims, including requests for payment.

The Bar Dates are critical to provide the Debtors and parties in
interest with additional certainty as to plan distributions in
advance of the confirmation hearing scheduled for early August.

In particular, the Debtors' proposed plan of reorganization
contemplates a fixed distribution to all general unsecured
creditors. Providing additional clarity as to the amount of general
unsecured claims will help facilitate voting and confirmation of
the plan and the Debtors' prompt emergence from the chapter 11
cases.

Sandridge Energy is represented by:

     Zack A. Clement, Esq.
     ZACK A. CLEMENT PLLC
     3753 Drummond Street
     Houston, TX 77025
     Tel: (832) 274-7629
     Email: zack.clement@icloud.com

        - and -

     James H.M. Sprayregen, Esq.
     Steven N. Serajeddini, Esq.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     300 North LaSalle
     Chicago, IL 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     Email: james.sprayregen@kirkland.com
            steven.serajeddini@kirkland.com

        - and –

     Christopher Marcus, Esq.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     601 Lexington Avenue
     New York, NY 10022
     Tel: (212) 446-4800
     Fax: (212) 446-4900
     Email: christopher.marcus@kirkland.com

                      About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC)
--http://www.sandridgeenergy.com/-- is an oil and natural gas
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016. The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and noticing
agent.

The cases are assigned to Judge David R Jones.


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The Sunday TCR delivers securitization rating news from the week
then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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