On September 2, 2020, Ursa Piceance Holdings LLC filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the District of Delaware. The case number is 20-12065. The company reports $100 million to $500 million in both assets and liabilities and 1,000 to 5,000 creditors. The company estimates that funds will be available for distribution to unsecured creditors. A copy of the company’s petition, board resolutions, and list of top 30 unsecured creditors can be found here.
Three affiliates, Ursa Operating Company LLC (Case No. 20-12067), Ursa Piceance LLC (Case No. 20-12066), and Ursa Piceance Pipeline LLC (Case No. 20-12069) each also filed for Chapter 11 protection today in the Bankruptcy Court for the District of Delaware.
Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.