Rex Energy Corp.’s (NYSE: REXX) bank group reaffirmed the $190 million borrowing base under the company’s senior secured credit facility, inclusive of the sale of the Illinois Basin asset, the company said July 5.
Tom Stabley, president and CEO, said that the reaffirmed borrowing base will help Rex Energy toward its goal of having core acreage in the Appalachian Basin HBP.
Rex Energy Corp. is based in State College, Pa.