New Delaware Chapter 11 Filing – First River Energy LLC
First River Energy, LLC, a midstream energy company based in San Antonio, TX, has filed a petition for relief under Chapter 11. in the Bankruptcy Court for the District of Delaware (Case No. 18-10080). First River Energy expanded substantially in 2015 when it received an equity investment from RWE Supply & Trading and acquired the San Antonio-based Texas Gathering Company. The Petition estimates First River Energy’s assets and liabilities to both be between $10–$50 million. A claims and noticing agent has not yet been proposed. The case has been assigned to the Honorable Mary F. Walrath.
Contact Norman L. Pernick or Nicholas J. Brannick for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtor in this case and cannot respond to questions directed toward the debtor.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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