Green Field Energy examiner files report of investigation under seal

By Caroline Salls

Pittsburgh, March 4 - Green Field Energy Services, Inc.'s court-appointed examiner requested approval to file the report of his findings under seal in order to protect confidential commercial information, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The sealed examiner's report was filed with the court on Tuesday.

As previously reported, the court ordered the U.S. Trustee to appoint an examiner at the request of Green Field's official committee of unsecured creditors. Steven A. Felsenthal was appointed as the examiner.

The examiner was charged with investigating whether the company's estates hold valuable claims or causes of action against any of the parties that would receive a release if the Chapter 11 plan described in Green Field's restructuring support agreement is confirmed.

The examiner was also ordered to investigate whether the value being contributed to the support agreement parties justifies those releases.

The examiner order was later modified to reflect the company's filing of a plan of liquidation.

A hearing is scheduled for March 25.

Green Field is a Lafayette, La.-based energy services company that operates in the well services and hydraulic fracturing services lines. The company filed for bankruptcy on Oct. 27 under Chapter 11 case number 13-12783.

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