🛢New Chapter 11 Bankruptcy Filing -- Activa Resources LLC🛢

Secured Lender Pushes Independent Oil & Gas Company into BK

Wait. What’s this? There are still independent oil and gas company bankruptcies?

Apparently so.

Activa Resources LLC and Tiva Resources LLC (together, the “debtors”) filed chapter 11 bankruptcy cases in the Western District of Texas on February 3, 2022. The debtors own conventional oil and nat gas assets in TX, AR, an LA; their main asset is a working i…