oil & gas assets
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ES - KeyBank Highlights - January 28, 2020

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KeyBank and its subsidiary KB OREO made a successful offer and executed an asset purchase agreement to acquire the Pennsylvania assets of bankrupt EdgeMarc Energy Holdings. The buyers offered a $69.68 million credit bid pursuant to Section 363(k) of the US Bankruptcy Code, $9.68 million in cash and at least $60 million of debt-in-possession loans during the Chapter 11 process. The assets cover 32,217 net acres (100% WI, 53% HBP) in Butler County, according......
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