Augustus Energy Resources, LLC, a privately owned, natural gas exploration, development and production company headquartered in Billings, Montana, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 18-10580). Augustus’ Petition estimates both its assets and liabilities to be between $10–$50 million. According to the First Day Declaration, Augustus enters Chapter 11 intending to pursue a sale of substantially of its assets under Section 363 of the Bankruptcy Code, with OWN Resources, Inc. serving as the stalking horse purchaser. Augustus has also filed a motion for authority to continue the use of cash collateral during the case. JND Corporate Restructuring is the proposed claims and noticing agent. The case has been assigned to the Honorable Laurie Selber Silverstein.