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Oil Co.'s Ch. 11 Plan Has Industrywide Effects, Court Told

By Catherine Marfin ( February 16, 2023, 10:06 PM EST) -- Attorneys for several surety bond companies told a Texas federal court Thursday that it should overturn a portion of Fieldwood Energy's Chapter 11 bankruptcy plan that freed the company that purchased its oil and gas assets from subrogation obligations, telling the court that "bonds will be hard to come by" across the industry if the plan is upheld....

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