Mission Resources uses revolver to fund $11 million field acquisitions

By Caroline Salls

Pittsburgh, Dec. 22 - Mission Resources Corp. said it used its senior secured revolving credit facility to fund the $11 million acquisition of additional working interests in four fields.

The company purchased interests in the Chocolate Bayou, Southwest Lake Boeuf, Backridge and West Lake Verret fields.

Mission Resources is a Houston-based independent exploration and production company that drills for, acquires, develops and produces natural gas and crude oil.

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