Pacific Energy Resources Files Ch. 11 Plan

Law360, New York (July 23, 2010, 2:59 PM EDT) -- With its California and Alaska properties sold off, oil and gas exploration and development company Pacific Energy Resources Ltd. and affiliates are moving to complete its liquidation with the submission of a proposed Chapter 11 plan and disclosure statement.

The Long Beach, Calif.-based company filed its disclosure statement and proposed liquidation plan Wednesday with the support of its official committee of unsecured creditors in the U.S. Bankruptcy Court for the District of Delaware.

When and if the plan is completed, the company and its co-filing affiliates...
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