Fracking Company Files For Bankruptcy, Owes Nearly $78M From Lost Production

(May 29, 2019, 2:08 PM EDT) -- WILMINGTON, Del. — The CEO of a hydraulic fracturing company on May 15 filed a first-day declaration in federal bankruptcy court in Delaware, contending that the company has been unable to negotiate agreements with its creditors and owes nearly $78 million following production losses that stem from a well explosion in Pennsylvania (In re:  Edgemarc Energy Holdings LLC, et al., No. 19-1104, D. Del. Bkcy.)....

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