Alpha Natural Resources in Bankruptcy – What about Marcellus?

Virginia-based coal miner Alpha Natural Resources Inc. filed for bankruptcy protection on Monday. Thank you President Obama for driving yet another coal company into bankruptcy. But the story doesn’t end there. Alpha is not going anywhere–not yet any way. And there is an important tie-in with the natural gas industry. Alpha is also a driller in the Marcellus Shale–drilling on its own land and as part of a joint venture with Rice Energy. What does the Alpha bankruptcy mean for its Marcellus drilling program?…

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