LOUISVILLE, Ky. (AP) — A federal judge is set to decide whether to close out the case of a legally troubled oil drilling company in Kentucky.
U.S. Bankruptcy Judge Joan Lloyd will take up the case of Mammoth Resource Partners on Nov. 4 during a hearing in Louisville. The trustee for the company, Robert Leasure, filed documents saying there is no workable plan to bring the company out of bankruptcy as a still functioning business.
Mammoth Resource Partners, based in Cave City, filed for bankruptcy protection in 2010.
The company and owner Roger Cory and Kentucky regulators reached a settlement in 2007, requiring compliance with the law and imposing a $20,000 fine, of which $15,000 was suspended.