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Saturday, March 19, 2016 3:51:21 AM
WPX says the facility provides clarity and a validation of its financial health, and provides ample liquidity for a post-Piceance company as it prepares to close that asset sale in Q2.
WPX also says it had an initial borrowing base of $1.025B; the company had said in August that total commitments under its revolving credit facility had increased to $1.75B from $1.5B.
Purely My Own Opinion. Do Your Own Due Diligence.
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