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Black Elk Energy Offshore Operations Plan Filed

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According to the U.S. Bankruptcy Court docket, Black Elk Energy Offshore Operations filed a Second Amended Chapter 11 Plan of Liquidation and related Disclosure Statement.

Among other changes, the Disclosure Statement adds the following text: “JAB and Montco will be responsible for performing all health and safety obligation related to the leases transferred to the Liquidation Trust and their respective P & A work under the JAB/Merit Plan and the P & A Plan. To the extent health and safety obligations related to the transferred leases exist that are not performed by either JAB or Montco under the JAB/Merit Plan and the P & A Plan, such health and safety obligations will be funded through the DIP Exit Facility and performed by a contractor chosen by the Liquidation Trustee.”

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The post Black Elk Energy Offshore Operations Plan Filed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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