Scout Energy Partners will buy Parallel Energy LP for $110 million after no rival bidders emerged for the bankrupt Oklahoma oil and gas driller, the Wall Street Journal reported on Thursday. With no other bidders, the company said in court papers that it was canceling a bankruptcy auction scheduled for early January. A hearing to approve the sale is slated for Jan. 13 in the U.S. Bankruptcy Court in Wilmington, Del. Parallel filed for bankruptcy in early November with a stalking- horse bid from an affiliate of Scout, a Texas upstream oil-and-gas investment firm.
