Houston-based Fieldwood Energy filed for bankruptcy in May 2018 to eliminate $1.6 billion in debt.
Two years and three months later, the offshore oil company is back bankruptcy court seeking to once again restructure its “financial obligations.” In court documents filed Tuesday in the Southern District of Texas, the company said it now needs help dealing with $1.8 billion in debt.
Fieldwood Energy general counsel Thomas Lamme turned to Weil Gotshal and Houston partner Alfredo Perez as its lead debtor’s counsel, which also represented the company in 2018.
Lamme, a University of Houston Law Center graduate, hired Thompson & Knight as its advisor on deepwater transactions and Jones Walker as regulatory counsel. Lamme practiced energy law at Thompson & Knight for 15 years.
The company also hired Alix Partners as its restructuring advisor and Houlihan Lokey as its financial advisor.
The ad hoc group of secured lenders are represented by Haynes and Boone and Davis Polk.
For full details of the bankruptcy, go to https://www.prnewswire.com/news-releases/fieldwood-energy-llc-commences-voluntary-chapter-11-process-301105838.html.