WPX Gets Smaller Credit Facility After Gassy Colorado Asset Sale

摘要

WPX Energy has reached an agreement with its lenders on a downsized revolving credit facility, which reflects the previously announced sale of its Piceance Basin gas assets in western Colorado. Tulsa-based WPX said it received total commitments of $1.2 billion for a senior secured lending facility, with an initial borrowing base of $1,025 billion. The amended revolver matures Oct. 29, 2019.