Last Tuesday, Rockdale Marcellus Holdings LLC, a natural gas driller in northeastern Pennsylvania, filed for Chapter 11 bankruptcy protection in a federal bankruptcy court in Pittsburgh, according to Pittsburgh Business Times.
According to court filings, there are two related bankruptcy proceedings — Rockdale Marcellus Holdings and Rockdale Marcellus, which is owned by the holding company.
In its filing, Rockdale Marcellus Holdings estimated both assets and liabilities between $100,000 and $500 million with between 1,000 and 5,000 creditors.
Additionally, the company is asking the court for permission to sell all of its assets as part of its plan to either sell completely or have a standalone reorganization.
Learn more: Pittsburgh Business Times > Natural gas driller Rockdale Marcellus files for bankruptcy protection
This post appeared first on Shale Gas Reporter.