Rooster Energy, L.L.C. filed Chapter 11 in the Western District of Louisiana with estimated assets of only $0-$50,000 against $50.0 million-$100.0 million of liabilities, listing 1-49 creditors and Baker Donelson as debtor counsel source filing. The filing was jointly administered with Cochon Properties, Morrison Well Services, Probe Resources US, Rooster Energy Ltd., Rooster Oil & Gas, and Rooster Petroleum; Rooster Energy Ltd. was identified as the Canadian parent source filing.

The first-day declaration framed the enterprise as a Gulf of Mexico oil-and-gas exploration/production and well-services business with working interests in offshore leases and 16 rigless well-service sets. Management reported collateral value of roughly $16.4 million-$38.0 million, $53.1 million of senior secured note debt held through Angelo Gordon Energy Servicer, and about $24 million of subordinate secured debt owed to K2 Principal Fund and Chester F. Morrison Jr. source filing. The debtors sought immediate cash collateral access from Angelo Gordon and a $525,000 Corn Meal DIP facility, including a 45-day milestone to file a 363 sale motion source filing source filing.