Friday, August 31, 2018

PennEnergy is Top Bidder for Rex Energy

From the Pittsburgh Post-Gazette:
After rescheduling its bankruptcy auction four times in a week, Rex Energy Corp. called off the event all together and declared PennEnergy Resources LLC the winning bidder. 
Moon-based PennEnergy has agreed to pay $600.5 million for Rex, a State College-based shale driller that filed for bankruptcy protection in May
The acquisition must still gain the approval of the bankruptcy judge. A hearing on the sale agreement is scheduled for Thursday. 
PennEnergy’s CEO Rich Weber said Rex’s acreage, mostly in Butler County, is contiguous to his company’s assets “and we’re very familiar with it.”
Click right here to read more. 


Connect with us on Facebook and Twitter!

5 comments:

  1. The acquisition must still gain the approval of the bankruptcy judge. A hearing on the sale agreement is scheduled for Thursday. Electrical Grids

    ReplyDelete


  2. Hi there everyone! Hope you are having a good day. I came across your website and I think it’s one of the best in town. It’s really helpful regarding web development. Your tools are exceptional and very easy to use. Your content is diverse and really impressive. I can be helpful to you regarding upgrading your website. My site offers offer reverse image capability. Here is the link check here


    ReplyDelete
  3. Hi everyone, hope you are doing well. Dear Admin, I just scrolled down your site and I had to say that it’s one of the best websites in town. Your work is exceptional and really appreciative and is very useful for web development tools. I am a developer and I often refer people to use the best and most appropriate websites in town. And yours is one of them. We also provide web development tools. It would be really kind of you to visit our site too. Here is the link jsononline

    ReplyDelete
  4. I strongly agree with you. Your information is very informative and your website is very user friendly. I am a developer and I am getting help from your website and would recommend other to use your site. We also provide range of website development tools. Here is the link of our website jsononline

    ReplyDelete
  5. Thanks again for the article.Much thanks again. Keep writing. this content

    ReplyDelete