Ascent Resources Marcellus Holdings, LLC, along with two of its affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-10265). The Debtors, based in Oklahoma City, OK, operate as an oil and natural gas E&P in the Marcellus Shale basin in the eastern United States. As explained in a press release issued by the Debtors, the Debtors’ parent company (Ascent Resources, LLC) and a number of affiliates focusing on the Utica Shale basin are not part of this restructuring and their operations will be unaffected by the Debtors’ cases. According to the First Day Declaration, the Debtors enter Chapter 11 with a prepackaged plan of reorganization under which the Debtors’ first and second lien term loans will be converted to equity in the reorganized Debtors and unsecured creditors will be paid in full. Holders of 78% of the Debtors’ first lien term loans and 79% of the Debtors’ second lien term loans, the only impaired classes under the Plan, have already voted in favor of the Plan. Prime Clerk LLC is the proposed claims and noticing agent. The cases have been assigned to the Honorable Laurie Selber Silverstein.