EnerJex Resources Inc. reached an agreement to clear its roughly $80 million of debt, the San Antonio-based company said Feb. 14.As part of the deal, EnerJex will sell all of its oil and gas properties in Colorado, Texas and Nebraska and also pay $3.3 million to a group of investors unrelated to the company. In exchange, the investor group will forgive the company’s $17.925 million of secured indebtedness.In addition, EnerJex will retain its Kansas-based assets, which it said generates the majority of the company’s revenue and cash flow.
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