Pacific Energy Resources

Representation of Pacific Energy Resources and its affiliates in their chapter 11 cases in the District of Delaware. The debtors were independent energy companies that developed and produced oil and gas in offshore drilling facilities in California and Alaska. The debtors had over $500 million in debt and generated over $200 million in revenue, and the parent was publicly traded on the Toronto stock exchange. The debtors were sold successfully as going concerns and a plan was confirmed.