WPX Energy lifts credit facility commitments to $1.75 billion

By Marisa Wong

Morgantown, W.Va., Aug. 6 – WPX Energy, Inc. entered into an agreement on July 31 to increase commitments under its amended and restated credit agreement to $1.75 billion from $1.5 billion, according to an 8-K filing with the Securities and Exchange Commission.

Under the amended and restated credit agreement, dated Oct. 28, 2014, the company has the right to request increases in commitments from existing lenders or new lenders in an amount up to $300 million.

Wells Fargo Bank, NA is the administrative agent.

Tulsa, Okla.-based WPX is a natural gas and oil exploration and production company.

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