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Furie Operating Alaska, LLC

  1. June 11, 2020

    Alaska Oil Biz Furie Gets Nod For Debt-Swap Ch. 11 Plan

    Furie Operating Alaska LLC received court approval Thursday in Delaware for its last-ditch Chapter 11 plan that will see the equity in a reorganized company acquired for $5 million.

  2. June 08, 2020

    Feds Say Oil Biz Can't Ditch $7M Jones Act Fees In Ch. 11

    U.S. Customs and Border Protection has asked a Delaware bankruptcy court to reject Furie Operating Alaska LLC's third try at a Chapter 11 sale, saying the oil and gas company is trying to duck out on $7 million it owes for a Jones Act settlement.

  3. March 25, 2020

    Alaska Oil Biz Seeks New Deal After Ch. 11 Sale Goes Cold

    Furie Operating Alaska LLC told a Delaware bankruptcy judge Wednesday that the oil and gas company's planned foreclosure sale agreement collapsed last week, sending the debtor scrambling toward a different deal with two of its three term loan lender groups.

  4. February 20, 2020

    Bankrupt Oil Biz Furie Gets Nod For Planned Ch. 11 Sale

    A Delaware bankruptcy judge on Thursday gave oil and gas producer Furie Operating Alaska LLC her nod to move forward with a planned Chapter 11 sale of its ownership interests through a foreclosure transaction, as another potential buyer still negotiates with the debtors.

  5. February 06, 2020

    Alaska Oil Co. Clashes With Ex-VP Over Lender Claims

    Bankrupt oil and gas producer Furie Operating Alaska LLC and a former executive Tuesday offered a Delaware bankruptcy judge conflicting interpretations of whether the law and the evidence supports millions of dollars in claims against a prepetition lender.

  6. December 12, 2019

    Bankrupt Oil Biz Officers Ignored Warnings, Del. Judge Told

    An oilman who is one of Furie Operating Alaska LLC's stakeholders mounting a challenge in the oil and gas producer's Delaware Ch. 11 claimed Thursday his warnings about well production and other issues were ignored as manager decisions led the business deeper into financial ruin.

  7. November 18, 2019

    Alaska Oil Co. Creditor Group Wants To Go After Top Lender

    A group touting itself as one of oil and gas producer Furie Operating Alaska LLC's "largest" creditors and a former executive who says he was wrongfully terminated told the Delaware bankruptcy court Monday they want standing to pursue allegedly millions of dollars in claims against Furie's prepetition lender and certain officers.