| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for EdgeMarc Energy Holdings, LLC > News item |
EdgeMarc granted approval of $50 million Monroe/Washington asset sale
By Caroline Salls
Pittsburgh, Aug. 28 – EdgeMarc Energy Holdings, LLC obtained court approval to sell its Monroe/Washington assets to Diversified Gas and Oil Corp. for $50 million, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
As previously reported, Diversified was the stalking horse bidder for the Monroe/Washington assets. The auction was canceled because EdgeMarc did not receive any competing bids before the bid deadline.
EdgeMarc is a Canonsburg, Pa.-based natural gas exploration and production company that filed bankruptcy on May 15. The Chapter 11 case number is 19-11104.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.