Banking & Finance  November 14, 2019

Greeley energy company files for bankruptcy

GREELEY —  Smith Energy Corp., a Greeley-based energy company, has filed for Chapter 7 bankruptcy.

The company filed for bankruptcy Thursday afternoon in U.S. Bankruptcy Court in Denver, listing assets of $334,611 and liabilities of $773,000. The company stated that it had up to 49 creditors.

Smith Energy stated in the filing that it is in possession of real property that requires “immediate attention,” identifying the Running Creek 11 property in Elbert County. An “oil leak occurred on property and was identified by the Colorado Oil & Gas Conservation Commission,” the company stated, adding that the…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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