Furie Sold to Alaska Firm in Bankruptcy Auction for $15 Million

Furie Operating Alaska LLC, an oil and natural gas exploration company, will sell itself for $15 million to a local company through a bankruptcy auction.

Hex LLC, which is wholly owned by Alaska-based executive John Hendrix, placed the winning bid in the Dec. 5 auction, according to Furie’s notice filed in the U.S. Bankruptcy Court for the District of Delaware.

Private investment firm Energy Capital Partners, as agent for Furie’s lenders for bankruptcy financing and pre-bankruptcy secured loans, will be the alternative bidder if Hex fail to close the sale, the Dec. 6 notice said.

Furie, based in Anchorage, holds ...