Kingfisher Midstream lifts revolving credit facility to $300 million

By Sarah Lizee

Olympia, Wash., May 31 – Kingfisher Midstream, LLC completed an expansion of its senior revolving credit facility to $300 million from $200 million through commitments from a syndicate of banks, according to a press release.

The funds support the ongoing expansion of Kingfisher’s crude gathering and natural gas gathering and processing systems in the Stack play area of the Anadarko Basin in Oklahoma.

“The 50% increase in the credit facility further strengthens our financial flexibility to fund our high-quality growth projects and reaffirms the confidence that our hand-picked bank group has in our financial and operational plans,” chief executive officer James Hackett said in the release.

Kingfisher Midstream provides midstream energy services, including crude oil and gas gathering, processing and marketing to producers in the Stack play region. It is a subsidiary of Alta Mesa Resources, Inc.

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