ESCSQ Escalera Resources Company (CE)

Maryland

1-33571

830214692

(State or other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1675 Broadway, Suite 2200, Denver, CO

80202

(Address of principal executive offices)

(Zip Code)

¨

¨

¨

¨

ESCALERA RESOURCES CO.

Date: February 29, 2016

By:

/s/ Adam Fenster

Name:

Adam Fenster

Title:

Chief Financial Officer

Accounting Method:

X

Accrual Basis

Cash Basis

Report/Document

Attached

Previously

Waived

REQUIRED REPORTS/DOCUMENTS

X

1.

X

2.

X

3.

X

4.

X

5.

X

6.

X

7.

              (Redact all but last 4 digits of account number and remove check images)

X

8.

n/a

9.

Current Month

Accumulated

1.

Beginning Cash Balance

$

(1)

$

(1)

2.

Cash Receipts

 Operations

 Sale of Assets

 Loans/advances

 Other

 Total Cash Receipts

$

$

3.

Cash Disbursements

 Operations

 Debt Service/Secured loan payment

 Professional fees/U.S. Trustee fees

 Professional fees paid from retainer (e.g. COLTAF accts)

 Other

 Total Cash Disbursements

$

$

4.

Net Cash Flow (Total Cash Receipts less

 Total Cash Disbursements)

5.

Ending Cash Balance (to Form 2-C)

$

(2)

$

(2)

Financial Institution

Book

Balance

Petty Cash

None

$

DIP Operating Account

Vectra Bank – 5792483439

DIP State Tax Account

None

DIP Payroll Account

None

Other Operating Account

Vectra Bank – 5790706534

American National Bank – 60161310

Retainers held by professionals (i.e. COLTAF)

Per Form 2-E

TOTAL (must agree with Ending Cash Balance above)

$

(2)

(1)

Accumulated beginning cash balance is the cash available at the commencement of the case and retainers.

(2)

All cash balances should be the same.Rev. 1/15/14   

CASH RECEIPTS DETAIL

Account No:

5792483439

Date

Payer

Description

Amount

11/10/2015

Escalera Resources

Transfer from prior operating account

$

11/23/2015

XTO  Energy

Revenue - non-operated properties

11/23/2015

Plains  Marketing, L.P.

Revenue - non-operated properties

11/24/2015

EnCana  Oil & Gas (USA) Inc

Revenue - non-operated properties

11/25/2015

Cooperative  Heath Solutions,

Rental sublease income

11/25/2015

Cajun-Ivy  Investments

Joint interest billing reimbursement

11/25/2015

Black  Bear Oil Corp.

Revenue - non-operated properties

11/25/2015

Thunder  Oil and Gas

Joint interest billing reimbursement

11/25/2015

PetroHill  Resources, LLC

Joint interest billing reimbursement

11/25/2015

Forestar  Petroleum Corp.

Revenue - non-operated properties

11/25/2015

Oasis  Petroleum North America

Revenue - non-operated properties

11/25/2015

Providence  Energy Corp.

Joint interest billing reimbursement

11/25/2015

PRE  Resources Rockies, L.P.

Revenue - non-operated properties

11/25/2015

Silver  Creek Oil & Gas, LLC

Joint interest billing reimbursement

11/25/2015

American  National Bank

Interest income

11/25/2015

American  National Bank

Interest income

11/25/2015

EOG  Resources, Inc.

Revenue - non-operated properties

11/25/2015

Moncrief  Royalty Account

Revenue - non-operated properties

11/25/2015

Shell  Trading

Revenue - non-operated properties

11/25/2015

Freeport-McMoRan  Oil & Gas LLC

Revenue - non-operated properties

11/25/2015

Statoil  Oil & Gas LP

Revenue - non-operated properties

11/25/2015

K.P.  Kauffman Company, Inc.

Revenue - non-operated properties

11/25/2015

Merit  Energy Company

Revenue - non-operated properties

11/27/2015

ConocoPhillips  Company

Revenue - non-operated properties

11/27/2015

XTO  Energy

Revenue - non-operated properties

11/30/2015

Vectra Bank

Interest income

11/30/2015

Summit  Energy LLC

Revenue - operated and non-operated properties

Total Cash Receipts

$

CASH DISBURSEMENTS DETAIL

Account No:

5792483439

Date

Check No.

Payer

Description

Amount

11/18/15

wire

Discovery Outsourcing

Company payroll - period ending 11/18/15

$

11/20/15

43664

Carol A. Osborne

Employee expense reimbursement

11/20/15

43665

IMA, Inc.

Bond fees

11/20/15

43666

James T. Albi

Professional fee - Operations Manager

11/20/15

43667

PAETEC

Operating expense

11/20/15

43668

Rebecca Deck

Employee expense reimbursement

11/20/15

43669

Rocky's Quik Stop

Operating expense

11/20/15

43670

Shepard's

Operating expense

11/20/15

43671

Rosemont WTC Denver

Rent - Denver office

11/20/15

43672

Anadarko E&P Onshore LLC

Joint interest billing payment

11/20/15

43673

BreitBurn Operating LP

Joint interest billing payment

11/20/15

43674

Chaco Energy Co.

Joint interest billing payment

11/20/15

43675

Charles Chambers

Employee expense reimbursement

11/20/15

43676

Forestar Petroleum Corp.

Joint interest billing payment

11/20/15

43677

John McDiffett

Employee expense reimbursement

11/20/15

43678

Memorial Production Operating

Joint interest billing payment

11/20/15

43679

Montex Drilling Company

Joint interest billing payment

11/20/15

43680

Omimex Petroleum Inc

Joint interest billing payment

11/20/15

43681

PRE Resources Rockies, L.P.

Joint interest billing payment

11/20/15

43682

Robert Belford

Employee expense reimbursement

11/20/15

43683

Sam Ellis

Employee expense reimbursement

11/20/15

43684

Samantha Quenzer

Employee expense reimbursement

11/20/15

43685

Samson Resources Company

Joint interest billing payment

11/20/15

43686

Summit Gas Resources, Inc.

Joint interest billing payment

11/23/15

43688

Burlington Resources

Joint interest billing payment

11/23/15

43689

Natrona County Treasurer

Wyoming License plates

11/24/15

wire

Discovery Outsourcing

Company payroll - final pay for terminated employees

11/30/15

wire

Office of Natural Resources

Federal lease rental payment

11/30/15

wire

Office of Natural Resources

Federal royalties

11/30/15

n/a

Vectra Bank

Monthly bank fees

Total Cash Disbursements

$

(1)

ASSETS

Current

Month

Petition

Date (1)

Current Assets:

Cash (from Form 2-B, line 5)

$

$

Accounts Receivable (from Form 2-E)

Receivable from Officers, Employees, Affiliates

Inventory

Other Current Assets :(List)

Cash held in escrow

Prepaid expenses and deposits

Hedge-related current assets

Total Current Assets

$

$

Fixed Assets:

Land

$

$

Building

                 -  

                 -  

Equipment, Furniture and Fixtures

Total Fixed Assets

Less:  Accumulated Depreciation

Net Fixed Assets

$

$

Other Assets (List):

Investment in Eastern Washakie

Other assets

TOTAL ASSETS

$

$

LIABILITIES

Post-petition Accounts Payable (from Form 2-E)

$

$

Post-petition Accrued Professional Fees (from Form 2-E)

                 -  

                 -  

Post-petition Taxes Payable (from Form 2-E)

                 -  

Post-petition Notes Payable

                 -  

                 -  

Other Post-petition Payable(List):

Accrued revenue payable

                 -  

Other accrued liabilities and expenses

                 -  

Total Post Petition Liabilities

$

$

Pre Petition Liabilities:

Secured Debt

Priority Debt

Unsecured Debt

Total Pre Petition Liabilities

TOTAL LIABILITIES

$

$

OWNERS' EQUITY

Owner's/Stockholder's Equity

$

$

Retained Earnings – Prepetition

Retained Earnings - Post-petition

                 -  

TOTAL OWNERS' EQUITY

$

$

TOTAL LIABILITIES AND OWNERS' EQUITY

$

$

(1)

Petition date values are taken from the Debtor's balance sheet as of the petition date or are the values

Current

Month

Accumulated Total (1)

Gross Operating Revenue

$

$

Less:  Discounts, Returns and Allowances

Net Operating Revenue

$

$

Cost of Goods Sold

Gross Profit

$

$

Operating Expenses:

Officer Compensation

$

$

Selling, General and Administrative

Rents and Leases

Depreciation, Depletion and Amortization

Other (list):

Total Operating Expenses

$

$

Operating Income (Loss)

$

$

Non-Operating Income and Expenses

Other Non-Operating Expenses

$

$

Gains (Losses) on Sale of Assets

Interest Income

Interest Expense

Other Non-Operating Income

Net Non-Operating Income or (Expenses)

$

$

Reorganization Expenses

Legal and Professional Fees

$

$

Other Reorganization Expense

Total Reorganization Expenses

$

$

Net Income (Loss) Before Income Taxes

$

$

Federal and State Income Tax Expense (Benefit)

NET INCOME (LOSS)

$

$

(1)

Accumulated Totals include all revenue and expenses since the petition date.

Summary of Post-Petition Taxes

1

2

3

4

Type of tax

Unpaid post-petition taxes from prior reporting month(1)

Post-petition taxes accrued this month (new obligations)

Post-petition tax payments made this reporting month

Unpaid post-petition taxes at end of reporting month (columns 1+2-3)

Federal

Employee income tax withheld

$                              -  

$                              -  

Employee FICA taxes withheld

$                              -  

$                              -  

Employer FICA taxes

$                              -  

$                              -  

Unemployment taxes

$                              -  

$                              -  

Other:____________________

$                              -  

$                              -  

State

Sales, use & excise taxes

$                              -  

$                              -  

Unemployment taxes

$                              -  

$                              -  

Other:_state income tax withheld

$                              -  

$                              -  

Local

Personal property taxes

$                              -  

$                              -  

Real property taxes

$                              -  

$                              -  

Other:____________________

$                              -  

$                              -  

Total unpaid post-petition taxes

$                              -  

(1)

For first report, the beginning balance in column 1 will be $0; thereafter, beginning balance will be ending balance from prior report.

Insurance Coverage Summary

Type of insurance

Insurance carrier

Coverage amount

Policy expiration date

Premium paid through date

Workers' compensation - CO

American Zurich

4/1/2016

Paid with each payroll

Workers' compensation - WY

State of WY

WY statutory limits

11/19/2016

Paid with each payroll

General liability

St Paul Fire and Marine

10/1/2016

3/1/2016

Property (fire, theft, etc.)

Vehicle

St Paul Fire and Marine

10/1/2016

3/1/2016

Other (list): Umbrella

St Paul Fire and Marine

10/1/2016

3/1/2016

Other (list): D&O

National Union Fire

7/1/2016

7/1/2016

If any policies were renewed or replaced during reporting period, attach new certificate of insurance.

Accounts Receivable Aging Summary (attach detailed aging report)

30 days or less

31 to 60 days

61 to 90 days

Over 90 days

Total at month end

Pre-petition receivables

Post-petition receivables

Total

Post-Petition Accounts Payable Aging Summary (attach detailed aging report)

30 days or less

31 to 60 days

61 to 90 days

Over 90 days

Total at month end

Trade Payables

Other Payables

Total

SCHEDULE OF PAYMENTS TO ATTORNEYS AND OTHER PROFESSIONALS

Month-end

Current

Paid in

Retainer

Month's

Current

Court Approval

Month-end

Balance

Accrual

Month

Date

Balance Due *

Debtor's Counsel

Counsel for Unsecured

  Creditors' Committee

Trustee's Counsel

Accountant

Creditor Counsel

Creditor Advisors

Other:

Total

*Balance due to include fees and expenses incurred but not yet paid.

SCHEDULE OF PAYMENTS AND TRANSFERS TO PRINCIPALS/EXECUTIVES**

Payee Name

Position

Nature of Payment

Amount

Charles Chambers

Chief Executive Officer

Compensation - period ending 11/20/15

Charles Chambers

Chief Executive Officer

Expense reimbursement

Adam Fenster

Chief Financial Officer

Compensation - period ending 11/20/15

Gary Grinsfelder

Chief Operating Officer

Compensation - period ending 11/20/15

Carol Osborne

Secretary

Compensation - period ending 11/20/15

Carol Osborne

Secretary

Expense reimbursement

**List payments and transfers of any kind and in any form made to or for the benefit of any proprietor, owner, partner, shareholder, officer, or director.

Cash

Quarterly

Date

Month

Year

Disbursements **

Fee Due

Check No.

Paid

January

$

February

March

TOTAL 1st Quarter

$

$

April

$

May

June

TOTAL 2nd Quarter

$

$

July

$

August

September

TOTAL 3rd Quarter

$

$

October

2015

$

November

2015

December

2015

TOTAL 4th Quarter

$

$

FEE SCHEDULE (as of JANUARY 1, 2008)

  Subject to changes that may occur to 28 U.S.C. §1930(a)(6)       

Quarterly Disbursements

Fee

Quarterly Disbursements

      Fee

$0 to $14,999.....................

$1,000,000 to $1,999,999....................

$15,000 to $74,999.............

$2,000,000 to $2,999,999...................

$75,000 to $149,999.............

$3,000,000 to $4,999,999.....................

$150,000 to $224,999.........

$5,000,000 to $14,999,999 …….

$225,000 to $299,999..........

$15,000,000 to $29,999,999….

$300,000 to $999,999.........................

$30,000,000 or more