Ascent Resources and its wholly-owned subsidiaries emerged from chapter 11 bankruptcy last week, roughly seven weeks after filing for protection from creditors, according to Kallanish Energy.

The bankruptcy filing by the Ascent companies was part of a consensual financial restructuring approved by certain holders of first- and second-lien loans.

At the time of the filing on Feb. 6, Ascent estimated creditors totaling between 200 and 999, total assets of between $500 million and $1 billion, and total debt between $1 billion and $10 billion.

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