oil & gas assets
You have accessed this news story:

CM - WPX borrowing base up to $2.1B, Q1 net loss narrows - May 2019



Feed Icon
WPX Energy, Inc. reported that its borrowing base was increased to $2.1 billion and total commitments remained at $1.5 billion. Each participant in the Wells Fargoled 20-bank syndicate has a $75 million allocation. The company will switch from a semi-annual borrowing base redetermination schedule to an annual one that will occur every April 1. Conditions include a 3.0:1.0 or under consolidated net leverage ratio and the aggregate elected commitment borrowing base percentage is equal to or higher than 25%. The......
 
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed







Sign up for PLS Reports
& Web Access!


Already subscribed to Reports?
Sign up for Web Access!
Search For More News