Hermitage Offshore Services Ltd. (NYSE:PSV) Announces 10-Day Extension of Forbearance Agreement with the Lenders to its $132.9 Million Term Loan Facility
HAMILTON, Bermuda, Aug. 03, 2020 (GLOBE NEWSWIRE) — Hermitage Offshore Services Ltd. (NYSE…
…Borrowing Base
D. E. Shaw Renewable Investments Announces Strategic Financing with Credit Suisse and Zions
NEW YORK , July 23, 2020 /PRNewswire/ — D. E. Shaw Renewable Investments (DESRI), a…
…BOK Financial Corporation Reports Quarterly Earnings of $65 million or $0.92 Per Share in the Second Quarter
TULSA, Okla., July 22, 2020 (GLOBE NEWSWIRE) — BOK Financial (NASDAQ: BOKF) today reported…Energy loan balances decreased $138 million to $4.0 billion or 16 percent of total loans as the current commodity price environment dampened demand for new loans and …
Deutsche Bank Research introduces dbSustainability to help clients find sustainable investment opportunities
Oil & Gas 360 Publishers Note: We have been seeing a direct impact on the availability of capital tied to ESG. With financial institutions creating product lines for ESG investing, it is a cross industry requirement. No -ESG …
Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Million Capital Investment by Kiwetinohk Resources Corp.
Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Millio…
…
Record debts come due for Canadian oil patch after five years of crisis
Six years ago, Canadian oilfield services firm Calfrac Well Services commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion.
But by last month, Calfrac’s market value had collapsed to just C$23 million and it …
Asian Development Bank to end fossil fuel financing
NGO Forum on ADB, a network of over 250 civil society organizations across Asia calls out the Asian Development Bank (ADB) to end its green posturing and make real commitments towards a Paris aligned policy and appropriate clean energy …
Touchstone Enters into Escrow Arrangements for US$20 Million Term Loan
CALGARY, May 27, 2020 /CNW/ – Touchstone Exploration Inc. (“Touchstone”, “we”, “our”, “us”or the “Company”) (TSX, LSE: TXP) announces that its indirect wholly-owned subsidiary, Touchstone Exploration (Trinidad) Ltd., has entered into escrow arrangements for a US$20 million…
Lilis Energy receives extension on initial borrowing base deficiency payment
FORT WORTH, Texas, Jan. 24, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced …
Small U.S. oil and gas companies get cold shoulder from large banks
The largest banking lenders to the U.S. oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, …
Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program
Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial …
Bonanza Creek Energy Borrowing Base Elevated to $375 Million
Bonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference
…
Goodrich Petroleum Bumps Up Borrowing Base, Reports First Quarter 2019
Goodrich Petroleum Announces Recent Developments and First Quarter 2019 Financial Results
…
Ultra Petroleum 2018 Production Reaches 275.1 Bcfe, $1.3 Billion Borrowing Base Reaffirmed
Ultra Petroleum Corp. Announces 2018 Year-End Reserves and Production, Reaffirms its $1.3 Billion Borrowing Base, Executes a Proactive Amendment to RBL Credit Agreement, Provides an Update on Follow-On Debt Exchanges, and Schedules Q4 and Year-End Earnings Call
…
Mid-Con Energy Partners Borrowing Base Increases to $135 Million
Mid-Con Energy Partners, LP Announces Borrowing Base Increase to $135 Million
…
After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million
ProPetro Announces Expansion of Revolving Credit Facility
…
Approach Resources Says $325 Million Borrowing Base Reaffirmed
Approach Resources Announces Reaffirmation of Borrowing Base
…Bonanza Creek Borrowing Base Jumps to $350 Million from $191 Million
Bonanza Creek Announces New $350 Million Borrowing Base
…
Chaparral Energy Borrowing Base Increases to $325 Million
Chaparral Energy Announces Borrowing Base Increase
…
Talos Energy Borrowing Base Jumps 41%
Talos Energy Announces Borrowing Base Increase
…
Oil & Gas Industry Sees 10%-20% Borrowing Base Hikes, Predicts Next Big Play: Haynes and Boone Survey Results
A look at where the industry believes energy development capital will be sourced
More than 80% of Haynes and Boone’s respondents in its newest borrowing base survey expect borrowing bases to increase, with most expecting 10 to 20 percent increases, …
Crescent Point Renews $3.6 Billion Credit Facilities
CPG likes Uinta basin horizontals
Williston and Uinta basin light oil producer Crescent Point Energy Corp. (ticker: CPG) renewed its unsecured, covenant-based credit facilities totaling $3.6 billion, with a maturity date extension to June of 2020.
The company reported that …
Summit Midstream Extends $1.25 Billion Credit Facility to 2022
Summit Midstream Partners, LP (ticker: SMLP) said its subsidiary Summit Midstream Holdings, LLC has executed an amendment and extension of its $1.25 billion revolving credit facility.
The maturity date of the revolving credit facility was extended by approximately 3.5 years, …
Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base
Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million.
The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) …
Northern Oil and Gas: Enhanced Completions Generate 13 MBOEPD
Northern anticipates more production growth in 2H 2017
Northern Oil and Gas, Inc. (ticker: NOG) reported total production of 1.2 million BOE for the first quarter, averaging 13,299 BOEPD.
Northern’s business model is as a non-operator franchise in the Bakken …
Parsley Ups Borrowing Base to $1.4 Billion
Parsley has full borrowing capacity available for Permian development
Permian driller Parsley Energy (ticker: PE) said it has amended its revolving credit agreement, increasing the borrowing base by 60% to $1.4 billion, with a company-elected commitment amount of $1.0 billion.…
Haynes and Boone Spring 2017 Oil and Gas Borrowing Base Survey Reflects “Cautious Optimism”
Energy companies will have access to debt in 2017
Haynes and Boone, LLP released its spring 2017 survey of oil and gas borrowers and lenders this week, demonstrating a modestly improved outlook for the oil and gas market.
In its …
