9 Level Power Recordsdata For Chapter 11 Chapter Safety In Delaware
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One other power firm has succumbed to chapter within the wake
of the Covid-19 pandemic.
9 Level Power Holdings, Inc., a personal exploration &
manufacturing firm targeted on the Williston Basin, and its
associates, together with Foxtrot Sources LLC, filed for chapter 11
safety in the US Chapter Court docket for the District
of Delaware, on March 15, 2021. The Chapter 11 petition states that
the corporate’s liabilities are between $100 million and $500
The Denver-based oil and fuel firm plans to enter into an
settlement for debtor-in-possession financing and a stalking horse
credit score bid, which the debtors anticipates to come back from their
9 Level was based in 2017, and at present operates 205 oil
and fuel wells, that are largely positioned within the Williston Basin
oilfield in North Dakota. The predecessor of 9 Level, Triangle
Petroleum Company, beforehand filed for chapter 11 chapter
safety in Delaware in 2016.
A primary-day listening to is scheduled for March 17, 2021 at 2:00 p.m.
to think about the Debtors’ first-day motions. The case is
assigned to the Honorable Mary F. Walrath, case no. 21-10570.
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