Caliber Says $157M Ch. 11 Lien Supported By Its Drilling Role

Law360 (June 24, 2021, 7:14 p.m. EDT) – Midstream drilling services provider Caliber Midstream told a Delaware bankruptcy judge that it had a significant presence at debtor-owned oil and gas drilling sites Nine Point Energy backing its claim for a $ 157 million lien on the debtor’s estate.

During a virtual hearing, Caliber CEO Daniel Werth said the company and its affiliates have large amounts of equipment at dozens of the debtor’s drilling sites that help collect and process the oil. crude and natural gas, as well as drilling products such as water, and that operations are an integral part of well operations.

Specifically, Werth said …

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