{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-22-015716","form_type":"8-K","ticker":"BDCO","cik":"0000793306","company_name":"BLUE DOLPHIN ENERGY CO","filed_at":"2022-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.582787+00:00","generated_at":"2026-06-21T13:10:30.420307+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Blue Dolphin enters forbearance agreement with Veritex; pays $5.4M in past due amounts","bullets":["Borrowers will pay $5,424,369 to Veritex covering past-due principal, interest, and $1M reserve deposit.","Veritex forbears from exercising remedies from Nov 18, 2022 through Sept 30, 2023.","If all amounts paid by Sept 30, 2023, Veritex waives ~$400k in late fees.","CEO states company is seeking new long-term debt facilities to refinance most senior secured debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-22-015716","json":"https://secwatch.observer/filing/0001654954-22-015716.json","markdown":"https://secwatch.observer/filing/0001654954-22-015716.md","text":"https://secwatch.observer/filing/0001654954-22-015716.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793306/000165495422015716/0001654954-22-015716-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793306/000165495422015716/bdco_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T13:10:30.420307+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2682b8dd686159f74cb6fa3a93531dded37987d0","claim":"BLUE DOLPHIN ENERGY CO entered into Forbearance Agreement with Veritex Community Bank valued at approximately $5.4 million (effective 2022-11-18).","evidence_excerpt":"Effective November 18, 2022, Lazarus Energy LLC (“Lazarus Energy”), Lazarus Refining & Marketing LLC (“Lazarus Refining” and, together with Lazarus Energy, the “Borrowers”), Blue Dolphin Energy Company (the “Company”), Lazarus Energy Holdings LLC (“Lazarus Holdings”), and Jonathan Carroll (“Carroll” and , together with Borrowers, the Company and Lazarus Holdings, the “Lazarus Parties”), entered into a Forbearance Agreement (the “Forbearance Agreement”) with Veritex Community Bank (“Veritex”),","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/793306/000165495422015716/0001654954-22-015716-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Veritex Community Bank"},{"label":"Value","value":"approximately $5.4 million"},{"label":"Effective","value":"2022-11-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}