Rockdale Marcellus gets OK to sell assets to Repsol for $222 million

By Sarah Lizee

Olympia, Wash., Dec. 30 – Rockdale Marcellus Holdings, LLC received court approval to sell substantially all of its assets to Repsol Oil & Gas USA, LLC for $222 million, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Western District of Pennsylvania.

As previously reported, Repsol was named winning bidder following an auction for the assets. Rockdale named TXCR Acquisition Co., LLC the next-highest bidder.

Canonsburg, Pa.-based Rockdale is an independent exploration and production company with a gas-focused asset base. The company filed bankruptcy on Sept. 21 under Chapter 11 case number 21-22079.

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