New Delaware Chapter 11 Filing – EdgeMarc Energy Holdings, LLC
EdgeMarc Energy Holdings, LLC, along with eight affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11104). EdgeMarc, headquartered in Canonsburg, PA, is a natural gas exploration and production company with 60 producing wells in the Appalachian Basin. The First Day Declaration explains that an explosion along a pipeline system gathering gas from a number of EdgeMarc’s wells, as well as the litigation that explosion spawned, has led to a third of EdgeMarc’s production capacity laying idle. A press release issued by EdgeMarc explains that EdgeMarc intends to sell substantially all of its assets under section 363 of the Bankruptcy Code. Prime Clerk is the proposed claims and noticing agent. The cases have been assigned to the Honorable Brendan Linehan Shannon.
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