HOUSTON–(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.