HOUSTON–(BUSINESS WIRE)–WildHorse Resource Development Corporation (NYSE: WRD) announced today that the borrowing base under its revolving credit facility has been increased to $875 million from $612.5 million as a result of its regularly scheduled semi-annual redetermination. In addition, WRD’s lender group has expanded from 15 to 17 lenders. The revolving credit facility matures in December 2021, and the financial covenants remain unchanged.
WRD also announced today that it will report third quarter 2017 financial and operating results after the market closes for trading on November 8, 2017. Management will host an earnings conference call on November 9, 2017 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: 1125213), or (412) 902-6506 for international calls (Conference ID: 1125213) 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: 10112285) for a seven-day period following the call.
In addition, WRD announced today that members of its management team are scheduled to attend the following investor conferences:
- Jefferies 7th Annual Energy Conference in Houston, Texas on Tuesday to Wednesday, November 28 – 29, 2017
- Capital One 12th Annual Energy Conference in New Orleans, Louisiana on Tuesday to Thursday, December 6 – 7, 2017
The presentation materials used at the conferences will be available on WRD’s website at www.wildhorserd.com under the Investor Relations tab.
About WildHorse Resource Development
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 in East Texas and the Over-Pressured Cotton Valley in North Louisiana.
WildHorse Resource Development Corporation
Pearce Hammond, CFA (713) 255-7094
Vice President, Investor Relations