Western Gas to draw on revolver for Big George fairway assets purchase

By Sara Rosenberg

New York, Feb. 16 - Western Gas Resources Inc. plans to use borrowings under its existing revolving credit facility to fund the purchase of certain coal bed methane properties and related gathering assets in the Big George fairway of the Powder River Basin of Wyoming for $136.7 million before adjustments, according to a company news release.

Closing is expected to occur on or before March 15.

Western is a Denver-based independent natural gas explorer, producer, gatherer, processor, transporter and energy marketer.

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