🛢️New Chapter 11 Bankruptcy Filing - Polaris Operating LLC🛢️

On July 28, 2023, Dallas-based oil and gas company Polaris Operating LLC and three affiliates (collectively, the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Lopez). The debtors, which are privately-owned, acquire and develop oil and gas properties primarily in the Texas panhandle; they own and operate hundreds o…