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Rex Energy Will Upsize Borrowing Base

A successful drilling program, increased EURs and growth in reserves and production led to the borrowing bases increase, Rex Energy said.

Mississippi lawmakers are moving ahead with plans to borrow almost $230 million.

The new amount represents a $20 million increase over the December 2013 borrowing base, Gastar said.

Gale Force renewed its bank loan facility with Green Bank, the company said Feb. 26.

A fall in the UK unemployment rate to 7.1% has been welcomed by the Chancellor, George Osborne.

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