{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-000204","form_type":"8-K","ticker":"BDCO","cik":"0000793306","company_name":"BLUE DOLPHIN ENERGY CO","filed_at":"2024-01-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.936166+00:00","generated_at":"2026-06-07T04:23:15.873331+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Blue Dolphin Energy extends forbearance with Veritex to March 29, 2024 on $27.9M debt","bullets":["Forbearance extended through March 29, 2024; existing defaults from missed payments since Feb 2021 continue.","Outstanding principal as of Dec 21, 2023: $19.68M (Lazarus Energy) and $8.19M (Lazarus Refining), totaling ~$27.87M.","CEO Jonathan Carroll and his entity own ~83% of Blue Dolphin; he remains CEO/President.","Borrowers must make monthly interest payments at non-default rate; $1M reserve account must be replenished quarterly.","If forbearance ends unpaid, Veritex may accelerate and foreclose on collateral including refinery assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-000204","json":"https://secwatch.observer/filing/0001654954-24-000204.json","markdown":"https://secwatch.observer/filing/0001654954-24-000204.md","text":"https://secwatch.observer/filing/0001654954-24-000204.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/793306/000165495424000204/0001654954-24-000204-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/793306/000165495424000204/bdco_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T04:23:15.873331+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}