OKLAHOMA CITY, Oct. 3, 2013 (GLOBE NEWSWIRE) -- GMX RESOURCES INC ., (OTC Markets:GMXRQ) ("GMXR" or the "Company") is an oil and gas exploration and production Company with assets in the Williston Basin, Denver Julesburg ("DJ") Basin and East Texas Basin. As previously reported, on April 1, 2013, the Company filed a voluntary petition (In re: GMX Resources Inc., Debtor, Case No. 13-11456) for reorganization under chapter 11 of title 11 of the U.S. Code (the "Bankruptcy Code") in the Bankruptcy Court for the Western District of Oklahoma (the "Bankruptcy Court"). Two of the Company's subsidiaries, Diamond Blue Drilling Co. and Endeavor Pipeline Inc. (collectively with the Company, the "Debtors"), also filed related petitions with the Bankruptcy Court (Case Nos. 13-11457 and 13-11458, respectively). The Company's petition and its subsidiaries' petitions are referred to herein collectively as the "Bankruptcy Case." Plan Support Agreement The Company announces that, subject to approval by the Bankruptcy Court, it has entered into a Plan Support Agreement (the "Plan Support Agreement"), dated as of September 30, 2013, among the Debtors, certain of the holders of the Company's Senior Secured Notes Series A due 2017 and Senior Secured Notes Series B due 2017 (the "Senior Secured Notes") party thereto (the "Consenting Senior Secured Noteholders"), and the Official Committee of Unsecured Creditors (the "Creditors' Committee"). The Plan Support Agreement requires the Consenting Holders to vote in favor of and support a proposed plan of reorganization of the Company and its subsidiaries consistent with the terms and conditions set forth in the term sheet attached as an exhibit to the Plan Support Agreement. On October 2, 2013, the Company filed a Motion to Approve the Plan Support Agreement with the Bankruptcy Court seeking authority to enter into the Plan Support Agreement. A hearing on such motion is scheduled for October 29, 2013 at 9:30 a.m. before the Bankruptcy Court.