Forcenergy forces energy -- in the form of oil and natural gas -- out of the ground, but buried by debt, Forcenergy has been forced into Chapter 11. The independent oil and gas firm develops properties and produces oil from more than 540 wells in the Gulf of Mexico. Forcenergy has proved reserves of 111 million barrels of oil equivalent, more than 40% of which is oil. It is developing fields at Cook Inlet, Alaska, and owns interests in 3,000 producing onshore wells in the Appalachian, Gulf Coast, Permian Basin, and Rocky Mountain regions of the US. Forcenergy also has stakes in undeveloped fields in Australia and Gabon. Bondholders, led by Philip Anschutz, are attempting to reorganize Forcenergy's debt.