Case Background

On August 9, 2019, Furie Operating Alaska, LLC and 2 affiliated debtors, Cornucopia Oil & Gas Company, LLC and Corsair Oil & Gas LLC (collectively, the “Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The cases are pending before the Honorable Laurie Selber Silverstein and are jointly administered under Case No. 19-11781.

Important Information & Dates

A hearing on the Debtors' First Day Motions was held on August 12, 2019 before the Honorable Laurie Selber Silverstein, United States Bankruptcy Court for the District of Delaware, 824 Market St., 6th Flr., Courtroom #2, Wilmington, Delaware.  A final hearing on certain First Day Motions was held on September 17, 2019 at 11:00 a.m. (Eastern Time).  Please click below to view and download the Debtors' First Day Motions and the First Day Orders:

 First Day Motions

 First Day Orders

 

Meeting of Creditors

In accordance with Section 341 of the Bankruptcy Code, the meeting of the Debtors' creditors was held on September 10, 2019 at 3:00 p.m. (Eastern Time) and continued to October 17, 2019 at 2:00 p.m. (Eastern Time) at the Office of the United States Trustee, 844 King Street, Room 3209, Wilmington, DE 19801.

The Debtors' representative must attend the meeting to be questioned under oath.  Creditors may attend, but are not required to do so.

 

Asset Sale Process

On September 26, 2019, the Bankruptcy Court entered the Bidding Procedures Order (i) authorizing and approving the Bidding Procedures, in connection with the sale of the Assets, (ii) authorizing the Debtors to grant the Bid Protections in accordance with the terms and conditions set forth in the Bidding Procedures, (iii) scheduling the Auction and the Sale Hearing to consider approval of the proposed Sale, (iv) authorizing and approving the Noticing Procedures, (v) approving the Assumption and Assignment Procedures, and (vi) granting related relief [Docket No. 185].  The order includes the following important dates:

  • Bid Deadline: November 7, 2019 by 12:00 p.m. (prevailing Eastern Time)
  • Auction: November 12, 2019 at 10:00 a.m. (prevailing Eastern Time)
  • Sale Objections: November 15, 2019 by 12:00 p.m. (prevailing Eastern Time)
  • Sale Hearing: November 20, 2019 at 10:00 a.m. (prevailing Eastern Time)

Please click below to view and download documents relating to the sale of assets:

Bidding Procedures
Sale Notice
Other documents related to the sale of assets

Dates

October
17

Meeting of Creditors (Co...

2:00 p.m. (ET)
October
25

Omnibus Hearing

10:00 a.m. (ET)
November
7

Bid Deadline

12:00 p.m. (ET)
August
9
--------

Petition Date

September
11
Rescheduled to 9/17/2019

Final Hearing on First Day Motions

October
17
2:00 p.m. (ET)

Meeting of Creditors (Continued from 9/10/19)

November
7
12:00 p.m. (ET)

Bid Deadline

November
12
10:00 a.m. (ET)

Auction

November
20
10:00 a.m.

Sale Hearing

Parties

Debtors' Counsel

McDermott Will & Emery LLP

340 Madison Avenue
New York, NY   10173-1922
https://www.mwe.com
Phone: 212.547.5400
Fax: 212.547.5444
Timothy W. Walsh
Darren Azman
Riley T. Orloff

Womble Bond Dickinson (US) LLP

1313 North Market Street
Suite 1200
Wilmington, DE   19801
https://www.womblebonddickinson.com/us
Phone: 302.252.4338
Fax: 302.661.7711
Matthew P. Ward

Debtors' Restructuring Advisors

Ankura

485 Lexington Avenue
10th Floor
New York, NY   10017
https://ankura.com
Phone: 212.818.1555
Jason Solganick

United States Trustee and Court Information

Office of the United States Trustee

844 King Street
Suite 2207
Wilmington, DE   19801
http://www.justice.gov/ust/r03/wilmington/index.htm
Phone: 302.573.6491
Fax: 302.573.6497


United States Bankruptcy Court

District of Delaware
824 Market Street North, 3rd Floor
Wilmington, DE   19801
http://www.deb.uscourts.gov
Phone: 302.252.2900


Debtors

Case Number
Debtor Name
Petition Date
19-11781 Furie Operating Alaska, LLC August 09, 2019
19-11782 Cornucopia Oil & Gas Company, LLC August 09, 2019
19-11783 Corsair Oil & Gas LLC August 09, 2019