Home Law income Fieldwood Energy Files Chap. 11 Clean-up obligation agreement

Fieldwood Energy Files Chap. 11 Clean-up obligation agreement

Law360 (June 23, 2021, 8:41 p.m. EDT) – Gulf of Mexico oil and gas driller Fieldwood Energy told a Texas bankruptcy judge on Wednesday that he had reached a deal to end objections to its Chapter 11 plan by some of its bond issuers as the plan confirmation hearing entered its fourth day.

During the virtual hearing, representatives for Fieldwood told U.S. bankruptcy judge Marvin Isgur that they had reached a deal with some bond issuers and that by Thursday afternoon they may be able to resolve. the objections raised by some former owners of its wells as to how the plan will cope with the future shutdown of the well …

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