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More than just an advertisement Still Free! Inside Inside Maroney explains co-tenancy More flooding photos Page 15 INNformer Pages 3-4 Publication of The Wells Inn Volume 5, No. 4 The Wells Inn, 316 Charles St. Sistersville, WV 26175 February 22, 2018 Waters recede, more rain on the way By Charles Winslow FLY, Ohio – After another round of heavy rains last week, the Ohio River of- ficially reached the minor flood stage at the Hannibal Locks late Saturday after- noon before cresting a few hours later. Unlike the flooding that occurred on Wheeling Island to the north and in Ma- rietta and Parkersburg to the south, lo- cally the impact was primarily limited to flooding low-lying and flood-prone areas along the Ohio River, the eastern end of Sunfish Creek in Ohio and Mid- dle Island Creek in West Virginia, as well as road closures. On the Ohio side, Ohio Route 7 was flooded and closed four miles north o f Newport as well as to the south, just past The Jug Restaurant. Farther north, the road was closed about a mile south of the New Martinsville Bridge, at the southern end of Duffy, although several people with pick-up trucks did attempt to brave the high waters despite the road being closed. Route 7 was also flooded and closed be- tween Sardis and Fly, as well as between Fly and New Matamoras. One photo posted to social media showed a red pickup truck in Sardis Sistersville VFD firefighter Andrew Pratt uses the high-pressure fire hose to clear mud. See more photos on pages 3-4. Continued on page 3 Ascent Resources Marcellus files Chapter 11 bankruptcy By Charles Winslow counties, according WVDEP’s Office of Oil and Gas. Ascent Resources Marcellus Holdings “The filing won’t affect royalty owners. LLC, an independent energy company Vendors used for ongoing work in the or- with operations in Tyler and Wetzel dinary course of business will be paid in counties, filed for voluntary Chapter 11 bankruptcy protection Feb. 6. the ordinary course of business,” the spokesperson said. The Oklahoma City-based company, ARM is the latest natural gas driller to along with its wholly owned sub- enter bankruptcy since the bottom fell out sidiaries, Ascent Resources- Marcellus of the commodity market in 2015 and LLC and Ascent Resources Marcellus owes $708 million on its first lien and Minerals LLC, took the action in the $348 million on a second lien loan. As a U.S. Bankruptcy Court in Delaware “to majority of its first and second lien lenders implement a consensual financial re- have already voted to accept the com- structuring approved by certain holders pany’s restructuring plan, ARM expects to of ARM’s first and second lien term loans,” the company said in a release. emerge from Chapter 11 in 45 to 60 days. SGH gets grant for Vein Viewer “Across West Virginia, Ascent Resources “This pre-negotiated agreement presented to the court for approval would transfer Marcellus has approximately 43,000 net the majority of ownership of the company SISTERSVILLE – Getting bFoundation president Beri Flood ox, acres, with 225 producing shallow wells to the secured creditors,” the spokesper- drawn and IVs installed amember Katrina Byers and ft Sis-oun- tersville General Hospital Emerdation treasur- er Jeff Davis will be and 4 producing horizontal Marcellus wells,” a spokesperson for Dannard Las- son told The INNformer. “There will be gency Department will becomeused to purchase a new Vein car told The INNformer. Dannard Lascar a new board put in place after the court process in completed and that board will easier, thanks to a grant from theViewer. is the investor relations firm for Ascent SGH Foundation. Resources Marcellus. make all decisions regarding future strat- “The Vein Viewer is an imaging de- egy and business plan going forward.” The $5,000 grant, presented tovice that uses projected near The company, which was formed in 2013 According to media reports, Ascent Re- Todd Strickler, interim director ofinfra-red light that is absorbed by by the late Aubrey McClendon, formerly sources Marcellus’s unsecured creditors nursing at the hospital, by SGH of Chesapeake Energy, has more than Continued on page 4 150 Marcellus wells in Tyler and Wetzel Continued on page 21 Ev ents 7-14 Mar one y e x plai ns co-tenan c y 15 Sist er sv ille C INDEX ity Council 21 Local la wm ak er s’ b ills 16-1 8 T CSO Ja nuary r eport 2 Cross 1 w or d puz zle 10 Com plet ed l e gis la tio n1 DE 9P per m T its 22 he Jug WM A2 Clas sified ad s1 2 M ar shall & W VN CC 20 T yler County F C loo om ding m is photos 3-4 201 sion 23 8 W V Le gisl a tur e 15-1 9 RECIPE S: Seaso nal pr od uce 5-6 Clos er lo ok a t a f ew bills 15 Cross w or d ans w er 20 W or d sear c h puz zle 23
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