Judge Approves Pacific Energy Disclosure Statement

Law360, New York (August 30, 2010, 2:44 PM EDT) -- A bankruptcy judge has signed off on the disclosure statement for bankrupt oil and gas exploration and development company Pacific Energy Resources Ltd., sending the company's Chapter 11 reorganization proposal to its creditors for their approval.

U.S. Bankruptcy Judge Kevin J. Carey signed off on an order approving Pacific Energy's disclosure statement, setting up a confirmation hearing date and establishing approval solicitation procedures on Friday in the U.S. Bankruptcy Court for the District of Delaware.

According to the order, solicitation packages will be sent out to...
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