Triangle USA Petroleum Corporation and five of its affiliates, including its Ranger Fabrication business, have filed chapter 11 petitions before the United States Bankruptcy Court for the District of Delaware (Lead Case No. 16-11566). The debtors are an independent energy company with a strategic focus on the Bakken Shale and Three Forks formations in the Williston Basin, with their headquarters in Denver, Colorado. The filings do not include Tringle Petroleum Corporation (NYSE: TPLM) or the debtors’ RockPile Energy, Elmsworth Energy, Caliber Midstream or Optic Infrastructure Development affiliates. The Ranger Fabrication business is being wound down. The debtors have entered into a Plan Support Agreement with the holders of 73% of their senior unsecured notes to reorganize the Triangle USA business. The petitions (including the consolidated list of top 20 creditors), the first day declaration and the docket are available through Prime Clerk. The debtors have issued a press release regarding their reorganization.
The debtors and their case numbers are as follows:
16-11566 Triangle USA Petroleum Corporation
16-11567 Foxtrot Resources LLC
16-11568 Leaf Minerals, LLC
16-11570 Ranger Fabrication, LLC
16-11565 Ranger Fabrication Management, LLC
16-11569 Ranger Fabrication Management Holdings, LLC