Rosehill Resources, Inc. is heading towards bankruptcy, as of June 30, 2020. Rosehill Resources, Inc. is expected to file a Chapter 11 bankruptcy petition in the United States Bankruptcy Court for the Southern District of Texas on or before July 15, 2020. The company has entered into a Restructuring Support Agreement with the lenders under Rosehill’s revolving first lien credit facility, holders of Rosehill’s second lien notes and the Company’s Series B Preferred Stock, and Tema Oil and Gas Company, as the holder of approximately 66.8% and 35.2% of the equity interests in Rosehill Operating and party to the Company’s Tax Receivable Agreement. Gibson, Dunn & Crutcher LLP and Haynes and Boone LLP are acting as legal counsel, and Jefferies LLC and Opportune LLP are acting as financial advisors to Rosehill in connection with the Plan.