Fieldwood Energy LLC, along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 1, 2021. As per the plan filed, administrative expense claims, fee claims, DIP claims, priority tax claims, other secured claims, priority non-tax claims, shall be paid in full in cash. FLFO claims of $138.60 million shall receive its pro rata share of cash. FLTL secured claims of $426 million shall receive its pro rata share of 100% of the new equity interest. SLTL claims of $517.50 million shall receive, up to full amount of such claim, its pro rata share of general unsecured claims cash pool. General unsecured claims shall receive its pro rata share of general unsecured claims cash pool and pro rata share of the residual distributable value. Intercompany claims shall be reinstated. Subordinated securities claims shall be cancelled and shall not receive any distribution under the plan. Intercompany interests shall be cancelled or reinstated. Existing equity interests shall be cancelled. The plan shall be funded through cash, sale of assets and issue of new equity.