Skip to main content

Research

New
History
Case updates

Search
Cases
People & firms
Datasets

What's new
Coverage
Pricing
Docs

Sign in Create account

Energy & natural resources coverage - ElevenFlo

Energy & natural resources coverage

68 articles

Week of June 1, 2026

Rokstad Holdings: CAD$20M Canadian Sale in Cross-Border Chapter 15

FTI Consulting Canada filed chapter 15 for Rokstad Holdings in Delaware to extend a BC receivership. Stellex, which had acquired all secured debt, credit-bid U.S. operations while Graham Maintenance Services paid CAD$20M for Canadian assets in January 2025.

Crystallex International: $5.9B PDVH Share Sale and Chapter 15 Enforcement

Crystallex International's Delaware chapter 15 recognizes its Canadian CCAA proceeding. The recovery path runs through a $5.9B court-ordered PDVH share sale to collect Crystallex's Venezuela arbitration award. Approved Nov. 2025; Third Circuit appeal pending.

TPI Composites: Court Confirms Liquidating Plan for Vestas Assets

On May 21, 2026, Judge Lopez confirmed the TPI Mexico V and VI liquidating plan, transferring 100% reorganized equity to Vestas free and clear, funding a $4.5M wind-down reserve and GUC trust, and approving global releases. The 20 RemainCo debtors face a July 1, 2026 combined hearing.

Week of May 18, 2026

Mosaic Transfers Solar Loan Servicing in Bankruptcy

Mosaic’s Chapter 11 plan moved servicing of an $8 billion solar loan portfolio to Forbright’s Solar Servicing. Loan origination ended.

Nikola Assets Sold to Lucid, Liquidating Trust Addresses Trevor Milton Claims

Nikola Corporation (NASDAQ: NKLA) filed chapter 11 in Delaware on Feb. 19, 2025, after failing to find a buyer pre-petition. Assets sold via 363 to Lucid; liquidating plan went effective Dec. 12, 2025. Milton's presidential pardon spawned ISSO claims.

Week of May 4, 2026

Patriot Coal: Second Chapter 11 and 363 Sale to Blackhawk Mining

Patriot Coal filed a second chapter 11 on May 12, 2015, in E.D. Va. (case 15-32450), less than 18 months after its 2013 emergence. Coal market deterioration and $791M in secured debt drove the refiling. The 363 sale to Blackhawk Mining was confirmed October 9, 2015; equity cancelled October 28.

Blackjewel Files Chapter 11, Leaving 1,700 Miners Unpaid; DOL Hot Goods Injunction Triggers Coal Crisis

Blackjewel filed chapter 11 July 2019 after Riverstone refused to extend a $34M term loan, leaving 1,700 miners unpaid. A DOL hot goods injunction froze coal in transit. The case resolved through 363 sales to Contura and Eagle Specialty Materials and a liquidating plan confirmed March 2021.

Raízen Files Chapter 15 to Backstop R$98 Billion Brazilian Out-of-Court Workout

Cosan-Shell ethanol and fuel giant Raízen S.A. filed chapter 15 in SDNY on March 12, 2026 (case 26-10528) to backstop a Brazilian recuperação extrajudicial covering R$98.63 billion. The court granted recognition as a foreign main proceeding on April 8, 2026.

PG&E Corporation: Wildfire Chapter 11 and $13.5B Fire Victim Trust

PG&E Corporation and Pacific Gas and Electric Company filed chapter 11 in January 2019 under case 19-30088 in the N.D. Cal., driven by $30B+ in wildfire liability. Four sequential RSAs produced a $13.5B Fire Victim Trust; the plan went effective July 1, 2020.

PES Holdings: Refinery Explosion, Hilco Sale, and $200M Insurance Recovery

PES Holdings filed chapter 11 in Delaware on July 21, 2019, one month after the Girard Point refinery explosion. The court confirmed a liquidating plan; the site sold to Hilco for ~$224.5M and the Liquidating Trust recovered over $200M through a 2022 BI insurance settlement.

Sanchez Energy: Eagle Ford Lien Fight and the Fifth Circuit Single-Satisfaction Ruling

Eagle Ford E&P Sanchez Energy filed chapter 11 Aug 2019 with $2.28B in funded debt, emerging as Mesquite Energy in June 2020. A six-year lien fight culminated in the Fifth Circuit's § 550(d) single-satisfaction ruling awarding secured noteholders 100% of reorganized equity; cert denied Nov 2025.

Week of April 13, 2026

Ascend Elements: $1.5 Billion Battery Recycler Pursues 363 Sale After DOE Grant Cancellation

Ascend Elements, a lithium-ion battery recycler valued at $1.5 billion, filed chapter 11 in S.D. Tex. on April 9, 2026, pursuing a 363 sale after the DOE cancelled $110M of a $316M grant for its Kentucky facility. Jefferies is running the sale process; no DIP facility at filing.