Independent exploration and production co. Furie Operating Alaska LLC files for Chapter 11 bankruptcy protection in Delaware and plans to sell itself.
Furie owes about $368m under a secured term loan credit facility to Energy Capital Partners and Melody Capital Partners funds, Interim Chief Operating Officer Scott M. Pinsonnault says in court declaration
Co. also owes about $75m under a tax credit lending agreement to ING Capital LLC
Debtors hold majority working interest in 35 oil and gas leases in the Cook Inlet, and fully own and operate an offshore platform there to extract natural gasCo. had net gas sales ...
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