WebJun 25, 2024 · Bankrupt Fieldwood Energy LLC won approval of its highly scrutinized reorganization plan to restructure $1.8 billion of debt and address an estimated $7 billion … WebAug 11, 2024 · Fieldwood first filed for bankruptcy in February 2024 with the aim of reducing debt by about $1.6 billion. A judge later approved the restructuring in April 2024. However, an oil price slump earlier in 2024 along with the coronavirus pandemic badly affected the company's finances.

Fieldwood Energy’s Bankruptcy, Oil Well Cleanup Plan Approved

WebAug 4, 2024 · On August 3 and August 4, 2024, Fieldwood Energy LLC and 13 affiliated debtors (collectively, the "Debtors") each filed a voluntary petition for relief under Chapter … WebJun 13, 2024 · Fieldwood has declared bankruptcy, and a court is considering the company’s plan to split its assets, moving older legacy wells and drilling rigs that are expensive to clean up into two entities while creating a new company — appropriately named NewCo — to purchase the more profitable assets. The company proposes … high plains village loveland

Tim Daileader, CFA - Partner - Drivetrain, LLC LinkedIn

WebAug 7, 2024 · Houston-based Fieldwood Energy LLC and its affiliates are seeking relief under Chapter 11, joining the growing list of U.S. oil and gas operators squeezed Skip to content Daily Prices Updated Apr ... WebJun 11, 2024 · The case is In re Fieldwood Energy LLC, U.S. Bankruptcy Court, Southern District of Texas, No. 20-bk-33948. For the debtors: Alfredo Perez of Weil Gotshal & … WebJul 21, 2024 · July 21, 2024. A recent ruling by a federal judge dictates that oil companies must contribute to the roughly $7.2 billion in cleanup costs of decommissioning oil wells in the Gulf of Mexico. ... The ruling marks a significant turn in the bankruptcy case of Fieldwood Energy LLC, who are seeking to pass the buck on cleanup costs to prior … how many bank holidays in europe