84 Energy LLC, a Richmond, Texas-based company, has filed for bankruptcy after reporting a significant gap between its assets and liabilities. The oil and gas production company plans to come up with a reorganization plan through the proceedings that addresses its creditors.
84 Energy LLC Files a Chapter 11 Bankruptcy
According to the official filing, 84 Energy LLC has submitted its petition to the U.S. Bankruptcy Court for the Southern District of Texas. The Texas-based company submitted its voluntary petition on November 25.
Based in Richmond, 84 Energy, LLC focuses on securing, enhancing, and managing proven developed reserves. The privately owned oil and gas production company offers specialized solutions in the recovery of hydrocarbons from established fields.
Official Filing Details…