Advertisement

Explo Oil Files for Chapter 7 Bankruptcy

Advertisement

Privately-held Explo Oil, Inc.–and affiliated Debtors CVS Operating and CVS Production–filed for Chapter 7 bankruptcy from the U.S. Bankruptcy Court in the Eastern District of Texas, Sherman Division, lead case number 18-40047. The Company is located in Plano, TX and led by Mary Fuentes, Authorized Representative. The Company is represented in bankruptcy proceedings by Joyce Lindauer, Esq., PLLC.

According to documents filed with the Court, the Company cites 200-900 creditors and estimates both assets and liabilities at $1 to $10 million.  The U.S. Trustee assigned to the case scheduled a February 9, 2018, 341-Meeting of the Creditors.

Read more oil & gas bankruptcy news.