 The wells at Rincon produced from depths between 1,700 and from the Miley sands of the Upper Pliocene-aged Pico Formation in an anticline, which plunges from the west towards the east.On August 20, 1998, Rincon Island Limited Partnership (RILP) and its managing general partner, Canada's Windsor Energy, filed a voluntary petition in the Bankruptcy Court, seeking relief under Chapter 11 of the Bankruptcy Code.On 29 January of that year, Stanton Capital Corp., a private investment firm, agreed to buy about half of the parent's assets, including the Rincon Island partnership, for approximately $170 million.