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Re: mick post# 3281

Saturday, 03/19/2016 3:51:21 AM

Saturday, March 19, 2016 3:51:21 AM

Post# of 10727
$WPX - WPX Energy says it received $1.2B in commitments on a senior secured credit facility, at a time when many energy companies brace for a fall in credit lines.

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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