The US Bankruptcy Court approved the eighth amended joint plan of reorganization of Fieldwood Energy LLC on June 25, 2021. The debtor has filed its eighth amended plan in the Court on June 25, 2021. As per the amended plan, administrative expense claims, fee claims, DIP claims of $100 million, priority tax claims, restructuring expenses, post-petition hedge claims, other secured claims of $9.50 million, priority non-tax claims of $0.5 million, shall be paid in full in cash. FLFO claims of $138.60 million shall receive pro rat share of the FLFO distribution amount and all remaining allowed FLFO claims shall be assumed by the NewCo entities. FLTL claims of $1,142.69 million shall be recovered 56.70% i.e. $647.91 million and shall receive its pro rata share of 100% of the new equity interests and the FLTL subscription rights. SLTL claims of $517.50 million shall be recovered 35.40% i.e. $183.20 million and shall receive its pro rata share of the SLTL warrants and the SLTL subscription rights. Unsecured trade claims of $51.90 million shall receive cash in an amount equal to 14% of the allowed amount, if 14% of the aggregate amount of all allowed unsecured trade claims is less than or equal to $8 million. If 14% of the aggregate amount of allowed unsecured trade claims is greater than $8 million, its pro rata share of $8 million. General unsecured claims of $1,138 million shall be recovered 0.8% i.e. 9.10 million and shall receive its pro rata share of the GUC warrants and any residual distributable value. Intercompany claims and intercompany interests shall be adjusted, reinstated, cancelled, or discharged. Subordinated securities claims shall be cancelled. Existing equity interests shall be canceled, released, and extinguished. The plan shall be funded through cash, sale of assets, issue of new common equity, warrants and rights.