Arsenal Resources Development LLC – Appalachian Base E&P Files Prepackaged Chapter 11 for the Second Time in 10 Months, Restructuring Support Agreement Would See $400mn of Debt Eliminated in Debt-for-Equity Exchange

November 8, 2019 − Arsenal Resources Development LLC and 16 affiliated Debtors (“ARD” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 19-12347. The Debtors, an independent exploration and production company engaged in the acquisition and development of unconventional natural gas resources in…