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BOK Financial Leads $200MM Credit Facility for Rimrock Energy Partners

March 12, 2019, 07:00 AM
Filed Under: Oil & Gas

Rimrock Energy Partners, LLC announced a senior secured credit facility of $200 million led by BOK Financial. The proceeds from this facility will be used to support the buildout of REP’s natural gas gathering and processing system which serves producers in the northern DJ Basin.

“We are pleased to partner with a lender that can support our system’s expansion as we continue to add producers,” said Jeff Derner, REP’s Chief Financial Officer. “This facility, combined with our equity capital available from Energy Spectrum Capital, provides ample liquidity to keep pace with the growing gas volumes across the region.”

“BOK Financial is excited to serve as lead arranger of the Rimrock credit facility,” said Scott Miller, Vice President of BOK Financial. “Rimrock has an experienced management team that is a proven leader in developing multi-commodity midstream assets in the DJ Basin.”

Baker Botts LLP served as legal counsel to Rimrock and Thompson & Knight LLP served as legal counsel to BOKF.

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