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In re: Ursa Operating Company LLC
Case Number:
22-1729
Court:
Nature of Suit:
3422 Bankruptcy Appeals Rule 28 USC 158
Companies
Sectors & Industries:
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January 26, 2024
Unpaid Royalties Not Ch. 11 Estate Property, 3rd Circ. Says
Underpaid royalties on natural gas from leased land are property of the landowners under Colorado law, the Third Circuit has ruled, overturning a Delaware bankruptcy court's finding that the disputed funds belonged to the Chapter 11 estate of a former drilling company.
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June 15, 2023
Venture Asks 3rd Circ. For Royalties From Gas Driller
The Third Circuit on Thursday considered whether a venture claiming that natural gas driller Ursa Operating Co. LLC underpaid royalties owed to it from Colorado gas wells has a property interest in the bankrupt driller's output.
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May 31, 2023
3rd Circ. Preview: Energy Company Fights Fuel June Docket
The Third Circuit is set to hear some high-stakes cases against fuel and energy companies, including whether Citgo's Venezuelan parent company is on the hook for billions in debt owed by the state and whether a business venture can claim royalties from a natural gas drilling company in bankruptcy proceedings.
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August 12, 2022
Gas Driller Ursa Gets Pushback In 3rd Circ. Royalties Bid
A venture claiming natural gas driller Ursa Operating Company LLC underpaid royalties owed from Colorado gas wells doubled down on its Third Circuit bid to undo rulings that the money sought is property of the company's bankruptcy estate, arguing Thursday that Ursa can't overcome state law to the contrary.