CANONSBURG, Pa. – Consol Energy has withdrawn its motion to change Murray Energy’s filing for Chapter 11 bankruptcy to Chapter 7.
Canonsburg-based Consol filed for withdrawal June 9, which U.S. bankruptcy Judge John E. Hoffman Jr. signed that day. A hearing scheduled for May 18 had been delayed.
Murray, the largest private coal operator in the U.S., initiated Chapter 11 proceedings in October 2019 in an effort to reorganize as a new company. A Chapter 7 filing would have resulted in an immediate liquidation of all assets.
St. Clairsville, Ohio-based Murray bought five West Virginia coal mines from Consol in 2013. Leasing arrangements coming out of that sale still exist, enabling Consol to participate in the bankruptcy proceedings.
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