Rex Energy plans to file for bankruptcy

Rex Energy Corp., a Pennsylvania-based oil and natural gas company, plans to file for bankruptcy, reports the Pittsburgh Post-Gazette. The newspaper says Rex, which operates in the Marcellus and Utica shale plays, disclosed in its quarterly report with the Securities & Exchange Commission that it could not come to an agreement with lenders after missing a debt payment in April 2018, and would be seeking protection under Chapter 11 of the bankruptcy code. For more, read the full story.

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