Bankruptcy: Lime Rock $1bn+ bid for Breitburn assets; conspiracy allegations


[Context: On March 9, the judge in the Breitburn Energy Partners bankruptcy case provided a detailed analysis of the various methods used to value the company’s oil and gas holdings. Below is an edited copy of the judge’s analysis, which includes details on a multi-billion-dollar bid from Lime Rock Resources and allegations of a conspiracy (see Footnote 29).]

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