Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11 / Energy

Lexico Resources International Chapter 11 Petition Filed

Lexico Resources International filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Nevada, case number 14-50160. The Company, which owns the rights to develop certain natural gas properties, is represented by Stephen R. Harris of Harris Law Practice. On its corporate Website, Lexico Resources International asserts the following: “Lexico’s first endeavor designed to result in Cash Flows, is our entry into the water disposal business. We believe this business is a perfect fit for Lexico because we own two wellbores, which we intend to convert to salt water disposal wells. In fact, the first of two wellbores to be re-worked are immediately off a well traveled county road.” The Company made a previous Chapter 7 filing in July 2010; however, the Court dismissed that proceeding in September 2010.

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