Thursday, August 6, 2026

Breitburn lays out bankruptcy exit plan, creditors want an auction

From Reuters Breitburn Energy Partners LP (BBEPQ.PK) detailed plans at a Thursday court hearing to exit bankruptcy by transferring the oil-and-gas producer’s assets to creditors, but opponents pressed for an auction of main reserves to generate more money. Breitburn filed for Chapter 11 bankruptcy in May 2016, one of more than 100 energy companies that sought court protection from creditors