Remora Petroleum LP, Austin, Tex., filed a petition for Chapter 11 protection Aug. 12, in the Southern District of Texas, Houston Division, listing $85 million in debt.
Remora Petroleum LP, Austin, Tex., filed a petition for Chapter 11 protection Aug. 12, in the Southern District of Texas, Houston Division, listing $85 million in debt.
Remora also filed a plan of reorganization that has the support of Remora’s first and second lien lenders, representative Hunton Andrews Kurth LLP said. The hearing on confirmation of the plan of reorganization is set on Oct. 21.
Remora, a private exploration and production company, focuses on the acquisition and development of mature, long-lived producing properties. It owns operated and non-operated working interests across the Anadarko, Gulf Coast, Permian, Denver-Julesburg, and Los Angeles basins.