NEWS BULLETIN

December 07, 2019 --- Vol. 25, No.53December 2019

HEX LLC winning bidder for Furie assets

HEX LLX, a company formed in Alaska in November that is 100% owned by member manager John L. Hendrix, was the successful bidder for the assets of Furie Operating Alaska LLC, per a Dec. 6 notice posted by the U.S. Bankruptcy Court for the District of Delaware, which is handling Furie's Chapter 11 bankruptcy.

HEX bid $15,000,010 for Furie's assets, which primarily consist of the Cook Inlet Kitchen Lights offshore unit, along with its natural gas production facilities, a production platform and pipelines.

Hendrix is the former general manager of Apache Corp. in Alaska, which held considerable acreage in the Cook Inlet basin, but pulled out of the state after six years in 2016.

Most recently Hendrix was president of NANA Commercial Group, which is made up of subsidiaries that support resource development projects, as well as other industries throughout Alaska and in the Lower 48. He recently left NANA to pursue his own business interests.

Hendrix brings close to four decades of experience in the energy industry - in Alaska, the Lower 48 and internationally with both Apache and BP.

Prior to the position with NANA, he was on former Gov. Bill Walker's cabinet as chief oil and gas advisor.

- Kay Cashman

See story in Dec. 15 issue, available Friday, Dec. 13 at www.PetroleumNews.com.

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