COVID-19

Gray Reed is here to help you and your business.  Our lawyers have already begun to address the difficult business and legal issues facing our clients.  To learn more about how we can help you as it relates to COVID-19 CLICK HERE.

Lydia R. Webb
Partner-Elect

Going through a corporate restructuring is a trying time in the life of a business. It is intensely personal, not only for the debtor’s owners and employees but also the creditors and vendors with which it does business. One of the most important parts of my job is helping clients look beyond the personal aspects of a case and make smart business decisions to successfully navigate the bankruptcy process and get back on track after the case is over.

A compassionate advisor with deep experience handling every aspect of the bankruptcy process, Lydia Webb focuses her practice on representing and advising debtors, creditors, committees and post-confirmation trustees in bankruptcy cases and other insolvency or restructuring scenarios. She has guided clients to successful results in complex cases before courts throughout Texas and many other states, including Oklahoma, Delaware and New York.

With cases spanning several industries – oil and gas, healthcare, retail, manufacturing, restaurants plus many more – Lydia understands there’s no one-size-fits-all solution in every bankruptcy case. She always focuses on gaining a strong grasp of the industry-specific regulations and issues that will have a big impact on the outcome of the bankruptcy. This tailored approach helps Lydia navigate the various challenges that arise along the way and ensure that her client achieves its unique goals in resolving the case. 

Representative Experience
  • Chesapeake Energy Corporation, et al., Case No. 20-33233 (Bankr. S.D. Tex.): Counsel to Jackalope Gas Gathering Services, L.L.C. and Stagecoach Pipeline & Storage Company, LLC, significant midstream counterparties.
  • Neiman Marcus Group LTD LLC, et al., Case No. 20-32519 (Bankr. S.D. Tex.): Co-counsel to Deutsche Bank AG New York Branch, in its capacities as prepetition administrative agent and collateral agent under the Debtors’ prepetition ABL Facility.
  • Buzzards Bench, LLC et al., Case No. 20-32391 (Bankr. S.D. Tex.): Counsel to the Debtors, Utah-based E&P company.
  • Whiting Petroleum Corporation, et al., Case No. 20-32021 (Bankr. S.D. Tex.): Co-counsel to the Official Committee of Unsecured Creditors.
  • Marshall Broadcasting Group, Inc., Case No. 19-36743 (Bankr. S.D. Tex.): Co-counsel to the Debtor, operator of three Fox-affiliated television stations.
  • Walker County Hospital Corporation, Case No. 19-36300 (Bankr. S.D. Tex.): Co-counsel to the Official Committee of Unsecured Creditors.
  • Sanchez Energy Corporation et al., Case No. 19-34508 (Bankr. S.D. Tex.): Counsel to Western Midstream Partners, LP (NYSE: WES), midstream counterparty, and coordinated WES’s opposition to Sanchez’s attempt to reject WES gas gathering and processing agreements with focus on state law oil and gas issues.
  • PHI, Inc., Case No. 19-30923 (Bankr. N.D. Tex.): Co-counsel to the Official Committee of Equity Security Holders.
  • Rockies Region 2006 Limited Partnership, et al., Case No. 18-33513 (Bankr. N.D. Tex.): Counsel to the Debtors, two oil and gas limited partnerships.
  • Lockwood Holdings, Inc., et al., Case No. 18-30197 (Bankr. S.D. Tex.): Counsel to the Debtors, international supplier of pipe, valves, fittings and flanges to the oil and gas industry.
  • Preferred Care Inc., Case No. 17-44642 (Bankr. N.D. Tex.): Counsel to the Official Committee of Unsecured Creditors.
  • Vasari, LLC, Case No. 17-44346 (Bankr. N.D. Tex.): Counsel to the Official Committee of Unsecured Creditors. 
  • Vanguard Natural Resources, LLC, Case No. 17-30560 (Bankr. S.D. Tex.): Counsel to Encana Oil & Gas (USA) Inc. Coordinated Encana's opposition to Vanguard's motion to reject Encana's farmout agreement with focus on state law oil and gas issues and novel issues of bankruptcy law.   
  • Colorado 2002B Limited Partnership, et al., Case No. 16-33743 (Bankr. N.D. Tex.): Counsel to the Debtors, two oil and gas limited partnerships. 
  • EmKey Companies, LLC, Case No. 16-30548 (Bankr. N.D. Tex.): Counsel to Official Committee of Unsecured Creditors.
  • Quicksilver Resources, Inc., Case No. 15-10585 (Bankr. D. Del.): Counsel Crestwood Equity Partners, a mid-stream service provider, and coordinated Crestwood’s opposition to Quicksilver’s motion to reject Crestwood gas gathering and processing agreements with focus on state law oil and gas issues.
  • Life Partners, Inc., Case No. 15-04289 (Bankr. N.D. Tex.): Counsel to Vida Capital, Inc., potential purchaser of life settlement policy portfolio and plan proponent.
  • ITS Engineered Systems, Inc., Case No. 15-32145 (Bankr. S.D. Tex.): Counsel to the Debtor, an oil and gas service provider.
  • John P. Madden, Trustee for the GMX Resources Creditor Trust vs. Multiple Fraudulent Conveyance Defendants, Adv. No. 15-01278 (Bankr. W.D. Okla.): Counsel to post-confirmation trustee in fraudulent conveyance litigation against preferred shareholders.
  • John P. Madden, Trustee for the GMX Resources Creditor Trust vs. Multiple Preference Defendants, Adv. No. 15-01279 (Bankr. W.D. Okla.): Counsel to post-confirmation trustee in litigation against preference defendants.
  • GMX Resources Inc., Case No. 13-11456 (Bankr. W.D. Okla.): Counsel to the Official Committee of Unsecured Creditors.
  • Eastern 1996D Limited Partnership, et al., Case No. 13-34773 (Bankr. N.D. Tex.). Counsel to the Debtors, twelve oil and gas limited partnerships. 
Thought Leadership / News
2020 
 In the News

Texas Rising Stars 2020

March 2020 
 Thought Leadership

American Bankruptcy Institute Journal

January 15, 2020 
 Speeches and Presentations
Saving Your Oil & Gas Deal from the Bankruptcy Monster

Dallas Bar Association Energy Section

January 2020 
 Thought Leadership

Oil & Gas Investor

November 14, 2019 
 Speeches and Presentations
Saving Your Oil & Gas Deal from the Bankruptcy Monster

Dallas Association of Petroleum Landmen / Young Professionals in Energy - Dallas / Women's Energy Network - North Texas / Dallas Geological Society

Honors
  • Selected by her peers for inclusion in Woodward/White, Inc.'s The Best Lawyers in America in the fields of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2021)
  • Selected to participate in the National Conference of Bankruptcy Judges Next Generation program (2019)
  • Named a Rising Star by Texas Super Lawyers (a Thomson Reuters company) as published in Texas Monthly and Texas Super Lawyers magazines (2018 - 2020)
Organizational Involvement

Professional Involvement, Memberships & Affiliations

  • DFW Association of Young Bankruptcy Lawyers, Social Chair
  • Dallas Bar Association
    • Bankruptcy Section
  • American Bankruptcy Institute
  • The Hon. John C. Ford American Inn of Court
  • International Women's Insolvency & Restructuring Confederation

Community Involvement, Memberships & Affiliations

  • Dallas Summer Musicals, Board of Directors
  • Park Cities Baptist Church
Education
  • J.D., cum laude, Baylor University School of Law (2012)
  • B.B.A., cum laude, Finance, Economics, Baylor University (2009)
Bar Admission
  • Texas (2012)
Court Admissions
  • Northern District of Texas
  • Eastern District of Texas
  • Southern District of Texas
  • Western District of Texas
When I Feel Most At Home
  • Spending time with my husband Brandon and son Jack at the family ranch outside of Junction, Texas
  • Trying out new restaurants and exploring my favorites spots in East Dallas
  • Cheering on my favorite teams – the San Antonio Spurs and the Baylor Bears