The pandemic-related collapse of Sanchez Energy Corp. and the four-year battle over who ends up with its cash value has resulted in a distribution that heavily favors the unsecured creditors.

U.S. Bankruptcy Judge Marvin Isgur of the Southern District of Texas-Houston Division, in his memorandum opinion, allocated 69.73% of Mesquite Energy Inc. stock to the unsecured creditors and 30.27% to the secured creditors.