Rex Energy Goes to the Bank, Walks Out with $85M

Rex Energy, an independent oil and gas exploration and production (E&P) company headquartered in State College, PA focuses their drilling on the Marcellus/Utica Shale region. Rex announced on Monday they've expanded their credit line at the bank--from $240 million in borrowing capacity to $325 million (an $85 million increase). What does it mean?...

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