Arsenal Heads into Chapter 11 Bankruptcy for Second Time
On Feb. 4, 2019, the parent holding company for Marcellus driller Arsenal Resources, Arsenal Energy Holdings LLC, applied for what has to be the fastest “prepackaged bankruptcy” we’ve ever heard of. They sailed through the whole process in 10 days flat (see Arsenal Energy Exits Bankruptcy in 10 Days Flat). Less than 10 months later and the company is heading back into bankruptcy. However, this time it is Arsenal Resources, the driller itself (not the holding company) that’s heading into Chapter 11 bankruptcy. Arsenal drills on acreage in northern West Virginia.
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Thank you for your patience while we navigated through web server hell this week. The MDN website was finally reactivated yesterday on its new server (computer). But then, as soon as that happened, MDN’s email account went offline due to some technical explanation we don’t fully understand, having to do with domain name servers and such. So if you sent MDN (or editor Jim Willis) an email yesterday afternoon/evening, he may not have received it. Feel free to re-send any messages you sent yesterday.