84 Energy LLC, a Richmond, Texas-based company, has filed for bankruptcy after reporting a significant gap between its assets and liabilities. The oil and gas production company plans to come up with a reorganization plan through the proceedings that addresses its creditors.
84 Energy LLC Files a Chapter 11 Bankruptcy
According to the official filing, 84 Energy LLC has submitted its petition to the U.S. Bankruptcy Court for the Southern District of Texas. The Texas-based company submitted its voluntary petition on November 25.
Based in Richmond, 84 Energy, LLC focuses on securing, enhancing, and managing proven developed reserves. The privately owned oil and gas production company offers specialized solutions in the recovery of hydrocarbons from established fields.
Official Filing Details
According to the Pacer filing, 84 Energy, LLC had not filed any other bankruptcy case in the last eight years. Additionally, none of its business partners/affiliates has a pending case in the U.S. Bankruptcy Court for the Southern District of Texas.
The reason why the oil and gas production company initiated its Chapter 11 process in the Southern District of Texas is that its principal place of business is in the Richmond district.
Attorney Richard L Fuqua from Fuqua & Associates, P.C. is offering legal representation to 84 Energy LLC in the latest case. Aaron Shimek, President of the oil and gas production company, signed the voluntary petition, the filing says.
Here is a summary of the details in the bankruptcy case:
- Filing Date: November 25, 2025
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Texas
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 25-37093
- Estimated Assets: $0-$50,000
- Estimated Liabilities: $1,000,001-$10 million
- Reason for Filing: Increase in the gap between assets and liabilities
According to the official filing, 84 Energy LLC currently owes around 100 to 199 creditors in total. Out of these, Bonnie View South LLC, Prosperity Bank, Evangeline Bank, and Archrock Services are among its 20 largest creditors. The filing notes that after administrative expenses are paid, little to no funds may remain for creditors.
As 84 Energy LLC enters Chapter 11, upcoming court decisions will determine whether the company can continue operating.
