John Hendrix was general manager of Apache Corp.’s operations in Cook Inlet prior to working in the Walker administration.
Furie Operating Alaska ’s Julius R Platform, installed in 2015 in Cook Inlet . Furie filed for bankruptcy on Aug. 9 and was purchased at a court auction by former Gov. Bill Walker’s oil and gas adviser John Hendrix for $15 million. Hex LLC won a Dec. 5 bankruptcy auction to purchase the small Cook Inlet natural gas producer for $15 million, according to court filings.
Houston-based Apache left Alaska in 2016 as the company prioritized its global operations during the bottom of the downturn in oil prices.Aug. 9 in federal Bankruptcy Court for the District of Delaware. According to the company’s bankruptcy petition, Furie owed lenders approximately $440 million when it filed for Chapter 11 protection and was also owed roughly $105 million in refundable tax credits from the State of Alaska.John Hendrix explains his role as chief oil and gas adviser to Gov.
Furie officials said in 2017 they planned to work on developing oil prospects in the Kitchen Lights gas field, but those plans were largely scuttled because of the state’s delay in repaying millions of dollars in oil and gas tax credits the company earned for its previous work, according to the company’s filings with the state Division of Oil and Gas.
Furie lost $21.4 million in the first quarter of 2019, when a freeze-up in a gas production pipeline kept the company from supplying HEA and Enstar with gas for more than a month. Once gas deliveries resumed, Furie was only able to supply Enstar with less-than-contracted amounts for several months as well.
Company Gas Oil Alaska Filings Enstar Work Hex Furie Chapter Loss State Contract Bankruptcy Hendrix Protection Default Elwood Inlet Owner Time Letter Someone Natural
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