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Pipeline Explosion Sparks EdgeMarc Ch. 11 Dispute

Law360, Wilmington (May 16, 2019, 6:06 PM EDT) -- A Delaware judge on Thursday acknowledged all may not be hunky-dory as bankrupt Pennsylvania-based oil and gas company EdgeMarc Energy Holdings LLC moves forward with its Chapter 11 amid a dispute with a pipeline builder over whether an explosion last fall pushed EdgeMarc into bankruptcy.

At a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L. Shannon told EdgeMarc he was prepared to approve an interim order enabling EdgeMarc to use $15 million in debtor-in-possession financing from its prepetition lender as it moves forward with plans to pursue a sale of its assets.

EdgeMarc is set to seek final approval next month...

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