Kingfisher Midstream Upsizes Revolving Credit Facility
31 Mayo 2018 - 7:35AM
Alta Mesa Resources, Inc. (NASDAQ:AMR) (“Alta Mesa” or the
“Company”) announced that its wholly owned subsidiary, Kingfisher
Midstream, LLC (“Kingfisher”) has completed an expansion of its
senior credit facility from $200 million to $300 million in
commitments from a syndicate of banks. These funds support the
ongoing expansion of Kingfisher’s crude gathering and natural gas
gathering and processing systems in the STACK play area of the
Anadarko Basin in Oklahoma.
“The 50% increase in the Credit Facility,
further strengthens our financial flexibility to fund our
high-quality growth projects and reaffirms the confidence that our
hand-picked bank group has in our financial and operational plans,”
stated Kingfisher CEO, James Hackett. “We value the support
of our lending group in helping us to prudently execute our plans
and deliver on our strategic goal to be a best-in-class midstream
partner to our producer customers.”
Kingfisher Midstream, LLC is a subsidiary of
Alta Mesa, that provides midstream energy services, including crude
oil and gas gathering, processing and marketing to producers in the
STACK play region. Alta Mesa Resources, Inc. is an
independent energy company focused on the development and
acquisition of unconventional oil and natural gas reserves in the
Anadarko Basin in Oklahoma.
Safe Harbor Statement and
Disclaimer
The information in this press release includes
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of present or historical fact included in this
press release, regarding our strategy, future operations,
prospects, plans and objectives of management are forward-looking
statements. These forward-looking statements are based on our
current expectations and assumptions about future events and are
subject to all of the risks and uncertainties, most of which are
difficult to predict and many of which are beyond its control,
incident to the exploration for and development and production,
gathering and sale of oil, natural gas, and natural gas liquids,
including those risks and uncertainties set forth in our Form 10-K
for the year ended December 31, 2017. Except as otherwise required
by applicable law, Alta Mesa Resources disclaims any duty to update
any forward-looking statements.
FOR MORE INFORMATION CONTACT:
Lance L. Weaver (281) 943-5597 lweaver@altamesa.net
Alta Mesa Resources (NASDAQ:AMRWW)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Alta Mesa Resources (NASDAQ:AMRWW)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024
Real-Time news about Alta Mesa Resources Inc (NASDAQ): 0 recent articles
Más de Artículos de Noticias