WebJul 9, 2024 · The Katerra situation is the second major claims event to have hit the US surety market in the last year, following the bankruptcy of oil field exploration and drilling company Fieldwood Energy in August 2024. The cost of plugging wells abandoned by Fieldwood is likely to be in region of $350mn, bankruptcy filings indicate. WebIN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS Nathan Ochsner, Clerk HOUSTON DIVISION IN RE: FIELDWOOD ENERGY …

Claims Agents - United States Bankruptcy Court for the Southern ...

WebJul 9, 2024 · Citing the far-reaching implications of Fieldwood Energy LLC's second bankruptcy in three years, a federal judge said Friday he wants to "freeze time" in a dispute pitting the bullish Houston ... WebOct 15, 2024 · QuarterNorth has not established that Fieldwood's bankruptcy satisfied Atlantic's claims. Atlantic contends that its claims were not satisfied in Fieldwood's bankruptcy. (ECF No. 31 at 24). Because the parties disagree as to whether Fieldwood's bankruptcy satisfied Atlantic's claims, there is a genuine dispute as to a material fact. rst portofino outdoor furniture covers

Fieldwood Energy Prepares for Second Bankruptcy in Two Years

WebSep 2, 2024 · Davis Polk advised an ad hoc group of prepetition secured lenders and DIP lenders in connection with the chapter 11 restructuring of Fieldwood Energy LLC and its debtor affiliates (collectively, “Fieldwood”). Fieldwood’s plan of reorganization (the “Plan”) was confirmed by the... WebMay 15, 2024 · Fieldwood Energy, an offshore oil driller that operates in the Gulf of Mexico, is preparing for its second stint in bankruptcy in two years after succumbing to plunging … WebThe lead case is In re: Fieldwood Energy LLC, case number 20-33948, in the U.S. Bankruptcy Court for the Southern District of Texas. --Additional reporting by Vince Sullivan. Editing by Stephen Berg. rst pro series pathfinder