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Nov 27, 2011 2:24 PM by AP Posted by James H Egbert

Petroleum wastewater facility files bankruptcy

GRAND JUNCTION, Colo. (AP) - A Western Slope company that disposes wastewater from oil and gas companies has filed for bankruptcy.

The Daily Sentinel reports De Beque-area Black Mountain Recycling filed for Chapter 11 bankruptcy last month. The move came two weeks after a judge granted receivership to the facility's former owners over $1.5 million in promissory notes.

Papers filed in U.S. Bankruptcy Court in Denver list Black Mountain Recycling assets of a little more than $615,000 against more than $2.4 million in liabilities. The majority of the liabilities relate to debts owed to the prior owners of the business when it was operated as Black Mountain Disposal.


(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

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