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W&T Offshore increases borrowing base under revolving credit facility


Published Apr 30, 2013
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W&T Offshore, Inc.-5

W&T Offshore, Inc. has received an increase in the borrowing base under its revolving credit facility from $725 million to $800 million.

Tracy W. Krohn , W&T Offshore's Chairman and Chief Executive Officer, stated, "The increase in our borrowing base reflects some of the value derived from our 2012 development drilling program, and further improves our liquidity providing us with significant capital to take on new opportunities or execute acquisitions as we find projects that meet our criteria."

Tags: W&T Offshore




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