Fieldwood Energy posts $3.82 million net income for December period

By Sarah Lizee

Olympia, Wash., Feb. 1 – Fieldwood Energy LLC reported $3.82 million of net income on $59.08 million of revenues for the December period, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company posted a $31.42 million net loss on $38.61 million of net revenues for the November period.

The company listed $97.19 million of cash and cash equivalents as of Dec. 31.

Fieldwood is a Houston-based acquirer and developer of conventional oil and gas assets. The company filed bankruptcy on Aug. 3, 2020 under Chapter 11 case number 20-33948.

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