FourPoint Energy gets $250 million facility, $800 million term debt

By Angela McDaniels

Tacoma, Wash., Jan. 30 - FourPoint Energy, LLC entered into a $250 million credit facility and $800 million of term debt, according to a company news release.

The credit facility is with JPMorgan Chase Bank, NA and Wells Fargo Bank, NA, and the term debt is from EIG Global Energy Partners, LLC and funds advised by GSO Capital Partners, LP.

The company entered into the debt in connection with its acquisition of some oil and gas properties and related midstream assets from affiliates of EnerVest, Ltd.

FourPoint and EnerVest also entered into an agreement to jointly own, operate and develop oil and gas properties.

FourPoint is an oil and gas acquisition, exploration and production company based in Denver.

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