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KM Financial Solutions | McClendon-founded Ascent Resources files for Chapter 11 bankruptcy
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McClendon-founded Ascent Resources files for Chapter 11 bankruptcy

05 Feb McClendon-founded Ascent Resources files for Chapter 11 bankruptcy

Posted at 23:38h in News by
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Feb 6 (Reuters) – Ascent Resources Marcellus Holdings LLC, a
shale driller founded by the late U.S. fracking pioneer Aubrey
McClendon, said on Tuesday it had filed for Chapter 11
bankruptcy as part of a negotiated plan with lenders to reduce
about $1 billion of debt and boost liquidity.

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