💥Wait. Oil&Gas BK is Back?💥

Alpine Summit Energy Partners files now; Local Bounti ($LOCL) may file later.

On July 5, 2023, TN-based Alpine Summit Energy Partners Inc. ($ALPS) and six affiliates (together, the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Jones). The debtors (together, with their non-debtor affiliates) develop, own, and operate 44 total horizontal/vertical oil and gas wells across numerous leases out i…