Fieldwood Energy LLC and The Official Committee of Unsecured Creditors

CourtUnited States Bankruptcy Court, S.D. Texas
DecidedOctober 15, 2021
Docket20-33948
StatusUnknown

This text of Fieldwood Energy LLC and The Official Committee of Unsecured Creditors (Fieldwood Energy LLC and The Official Committee of Unsecured Creditors) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, S.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fieldwood Energy LLC and The Official Committee of Unsecured Creditors, (Tex. 2021).

Opinion

IN THE UNITED STATES BANKRUPTCY COURT October 15, 2021 FOR THE SOUTHERN DISTRICT OF TEXAS Nathan Ochsner, Clerk HOUSTON DIVISION

IN RE: § § CASE NO: 20-33948 FIELDWOOD ENERGY LLC, et al., § § CHAPTER 11 Debtors. § § QUARTERNORTH ENERGY LLC AND § CERTAIN OF ITS AFFILIATES, § § Plaintiff, § § VS. § ADVERSARY NO. 20-3476 § ATLANTIC MARITIME SERVICES LLC, § § Defendant. §

MEMORANDUM OPINION

QuarterNorth seeks a declaratory judgment that Atlantic cannot pursue a lawsuit asserting liens (liens are denominated as privileges under Louisiana law) against certain non-debtors. The Court denies QuarterNorth’s motion for summary judgment. Atlantic’s motion to dismiss is granted in part and denied in part. BACKGROUND Prior to these bankruptcy proceedings, Fieldwood Energy LLC and its debtor affiliates (collectively, the “Debtors”) were one of the largest producers of oil and gas in the Gulf of Mexico. (ECF No. 24 at 7). Fieldwood contracted with Atlantic Maritime Services, LLC in October 2018 to conduct operations on deepwater wells in the Gulf of Mexico. (ECF No. 24 at 8). Atlantic performed approximately $14 million worth of drilling services on five leases in 2020. (ECF No. 35 at 8). Fieldwood did not pay Atlantic for its work. (ECF No. 31 at 7). 1 / 27 In July 2020, Atlantic filed statements of privileges under the Louisiana Oil Well Lien Act (“LOWLA”) to preserve and perfect its liens on the leases on which Atlantic performed work and for which Atlantic was not paid. (ECF No. 31 at 12). Atlantic alleges it furnished $5,824,744.68 worth of goods, equipment, supplies, and services in connection with the drilling and operation of the OCS-G-28030 Lease in the Mississippi Canyon Area, Block 948 (“MC-948”). (ECF No. 1-5

at 2). Atlantic asserted a privilege against specific property interests in MC-948 that are owned by Ecopetrol America, LLC. (ECF No. 1-5 at 5). Atlantic alleges it furnished $7,111,706.55 worth of goods, equipment, supplies, and services in connection with the drilling and operation of the OCS-G-34536 Lease in the Green Canyon Area, Block 40 (“GC-40”). (ECF No. 1-6 at 2–3). Atlantic asserted privileges against specific property interests of Ridgewood Katmai, LLC and ILX Prospect Katmai, LLC in GC-40. (ECF No. 1-6 at 5–6). In November 2020, Atlantic commenced lawsuits in the United States District Court for the Eastern District of Louisiana. In one of those lawsuits, Atlantic requested a writ of

sequestration directing the United States Marshal to seize and hold Ecopetrol’s property interests in MC-948, including Ecopetrol’s operating interest, interest in any hydrocarbons the well produces, and proceeds from the disposition of those hydrocarbons. (ECF No. 1-5 at 5–6). Ecopetrol holds a 31.5% working interest in MC-948. (ECF No. 1-5 at 2). In another lawsuit, Atlantic requested a writ of sequestration directing the United States Marshal to seize and hold Ridgewood and Prospect’s property interests in GC-40, including Ridgewood and Prospect’s operating interests, interests in any hydrocarbons the well produces, and proceeds from the disposition of those hydrocarbons. (ECF No. 1-6 at 6–7). Ridgewood and Prospect each hold a 25% working interest in GC-40. (ECF No. 1-6 at 2). 2 / 27 In the Louisiana Lawsuits, Atlantic “does not seek to seize any of the Subject Interests to the extent such Subject Interests are commingled with property of the Operator and the seizure thereof would potentially violate the automatic stay in the Operator’s Bankruptcy Case.” (ECF No. 1-5 at 6). The automatic stay no longer exists following the effective date of Fieldwood’s confirmed plan. Consequently, the lawsuits seek to seize commingled interests, including

hydrocarbons the well produces. Fieldwood commenced this adversary proceeding seeking an extension of the automatic stay to prevent Atlantic from pursuing the Louisiana Lawsuits. (ECF No. 1 at 2). Atlantic filed a motion to dismiss Fieldwood’s adversary complaint and Fieldwood filed a motion for summary judgment. (ECF Nos. 31; 32). Pursuant to the Plan, and effective on August 27, 2021 (the “Effective Date”), Fieldwood sold certain assets to QuarterNorth Energy LLC. (ECF No. 65 at 2–3; Case No. 20-33948, ECF No. 2016). In Fieldwood’s sale agreement with QuarterNorth, Fieldwood sold certain assets free and clear of encumbrances, including any privileges.1 (Case No. 20-33948, ECF No. 2013 at 78,

168). The acquired assets include Fieldwood’s 50% interest in GC-40 and 58.9363% interest MC- 948. (Case No. 20-33948, ECF No. 2013 at 78, 203, 205). QuarterNorth succeeded to Fieldwood’s interest in certain joint operating agreements (“JOAs”) when Fieldwood assumed and assigned the

1 “Buyer agrees to purchase and accept from the Sellers and the Sellers agree to sell, assign, convey, transfer and deliver, or cause to be sold, assigned conveyed, transferred and delivered to Buyer at the Closing, the Acquired Interests free and clear of any and all Encumbrances . . . . ‘Encumbrance’ means any encumbrance, license, right of first refusal, mortgage, deed of trust, pledge, security interest, lien, privilege, charge of any kind (including any agreement to grant any of the foregoing), adverse claim of any kind, capital lease, conditional sale or title retention agreement, lease or sublease in the nature thereof or the filing of or agreement to give any financing statement under the Uniform Commercial Code of any jurisdiction.” (Case No. 20-33948, ECF No. 2013 at 78, 168).

3 / 27 JOAs to QuarterNorth on the Effective Date.2 (ECF No. 77 at 2; Case No. 20-33948, ECF No. 2013 at 915–19, 921–22, 933, 936, 938, 941–42, 944–47).3 In September 2021, QuarterNorth was substituted as the plaintiff in this adversary proceeding. (ECF No. 72). QuarterNorth, as the substituted plaintiff for Fieldwood,4 asserts numerous bases for relief in its complaint:

• Count I: a declaration that general maritime law applies to the Drilling Contract, and therefore Atlantic’s alleged privileges and in rem claims are preempted; • Count II: a declaration that LOWLA does not apply because it is inconsistent with federal law; • Count III: a declaration that the Department of the Interior (the “DOI”) must be a party to the Louisiana Lawsuits, but Atlantic cannot make the DOI a party to the Louisiana Lawsuits;

2 QuarterNorth alleges is it liable to the working interest owners under the JOAs because they contain indemnity provisions pertaining to Atlantic’s alleged privileges and the relief Atlantic seeks against the working interest owners in the Louisiana Lawsuits. (ECF No. 77 at 3).

3 The sale to QuarterNorth was subject to the JOAs because the sale agreement contained a schedule of assumed contracts that included the JOAs affecting the leases at issue. (Case No. 20-33948, ECF No. 2013 at 47, 51). Further, adherence to the confirmation order in ECF No. 1751-1 was a condition precedent to QuarterNorth’s performance. (Case No. 20-33948, ECF No. 2013 at 131). In 1751-1, a contract identified for assumption under the schedule of assumed contracts was to be assumed and assigned to the purchaser. (Case No. 20-33948, ECF No. 1751-1 at 74–75). While Fieldwood’s sale of its interests in the leases was subject to the JOAs, no privileges attached to Fieldwood’s interests when they were sold free and clear of any encumbrances.

4 For the balance of this Opinion, the Court will simply refer to QuarterNorth with regard to matters on which QuarterNorth is substituted as Plaintiff. Because QuarterNorth stands in Fieldwood’s shoes as plaintiff, this convention is followed even on matters originally asserted solely by Fieldwood.

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