Texas Bankruptcy Court Approves New Era Energy Settlement in New Mexico Case

A federal bankruptcy court in Texas approved New Era Energy & Digital $1 million settlement resolving trustee-controlled claims tied to a New Mexico lawsuit, with the company emphasizing that the agreement is not an admission of liability.

What did the court approve?

New Era Energy & Digital, Inc. announced that the U.S. Bankruptcy Court for the Western District of Texas approved the company's previously disclosed settlement with the United States Trustee overseeing the bankruptcy estates of Acacia Resources, LLC, and Acacia Operating Company, LLC.

The court approved the settlement on July 9, 2026, making the agreement final.

What claims are being resolved?

According to the company, the settlement resolves all trustee-controlled claims involving New Era and related parties in the State of New Mexico's lawsuit connected to the Acacia bankruptcy proceedings.

Once the settlement payment is received, the trustee will release the New Era defendants from those claims and dismiss them with prejudice, meaning they cannot refile.

How much is the settlement?

Under the agreement, the New Era defendants will pay $1 million in total:

• $350,000 will be paid to the State of New Mexico.
• $650,000 will be paid to the Trustee on behalf of the bankruptcy estate of Acacia Resources, LLC.

Are there any claims still pending?

New Era clarified that while the settlement resolved the state's claims against the company and related entities, New Mexico continues to pursue three claims against E. Will Gray II in his individual capacity.

The Bottom Line

The bankruptcy court's approval finalizes New Era Energy & Digital's $1 million settlement resolving trustee-controlled claims tied to the Acacia bankruptcy litigation. The company says the agreement ends the claims against it without any admission of wrongdoing, though separate claims against an individual defendant remain pending.