WildHorse Resource Development Corp. Announces Borrowing Base Increase to $1.3 Billion & Third Quarter 2018 Conference Call
16 Ottobre 2018 - 1:00PM
Business Wire
WildHorse Resource Development Corporation (NYSE: WRD) today
announced that the borrowing base under its revolving credit
facility was increased by its bank group to $1.3 billion from $1.05
billion following its regularly scheduled semi-annual
redetermination.
"Since the IPO, WRD has increased its borrowing base at every
semi-annual redetermination and has tripled the total capacity to
$1.3 billion,” said Jay Graham, Chairman and Chief Executive
Officer of WRD, “With yet another increase in the borrowing base,
WRD’s already solid liquidity position is even stronger. Our
balance sheet and debt metrics will continue to be a key focus for
WRD as we move toward becoming free cash flow positive in the
second half of 2019.”
Third Quarter 2018 Earnings Conference Call
In addition, WRD announced today that it will report third
quarter 2018 financial and operating results after the market
closes for trading on November 7, 2018. Management will host an
earnings conference call on November 8, 2018 at 8:00 a.m. Central
(9:00 a.m. Eastern). Interested parties are invited to participate
on the call by dialing (877) 883-0383 (Conference ID: 3537891), or
(412) 902-6506 for international calls (Conference ID: 3537891), at
least 15 minutes prior to the start of the call or via the internet
at www.wildhorserd.com. A replay of the call will be available on
WRD’s website or by phone at (877) 344-7529 (Replay Access Code:
10124142) for a seven-day period following the call.
About WildHorse Resource Development Corporation
WildHorse Resource Development Corporation is an independent oil
and natural gas company focused on the acquisition, exploration,
development and production of oil, natural gas and NGL properties
primarily in the Eagle Ford Shale and Austin Chalk in East Texas.
For more information, please visit our website at
www.wildhorserd.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181016005241/en/
WildHorse Resource Development CorporationPearce Hammond, CFA,
713-255-7094Vice President, Investor Relations &
Treasurerphammond@wildhorserd.comorWildHorse Resource Development
CorporationVedran Vuk, 713-255-6962Director, Investor
Relationsvvuk@wildhorserd.com
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