Borrowing Base

Touchstone Enters into Escrow Arrangements for US$20 Million Term Loan

Touchstone Enters into Escrow Arrangements for US$20 Million Term Loan

CALGARYMay 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

Banks rush to rein in financing for oil firms

Banks rush to rein in financing for oil firms

Energy World


NEW YORK: The twice-a-year evaluation of energy borrowers’ reserve-based loans has taken on more significance than ever as banks seek to cut their exposure to oil and gas companies amid the global Covid-19 pandemic that has caused demand …

Source: lilisenergy.com

Lilis Energy receives extension on initial borrowing base deficiency payment

Oil and Gas 360


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

Small U.S. oil and gas companies get cold shoulder from large banks

Reuters


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, …

October 28, 2019 - 8:10 am Borrowing Base, Closing Bell Story‎, Energy News, Finance
Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program

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 …

Talos Energy Increases Borrowing Base, Announces Hedges

Talos Energy Increases Borrowing Base, Announces Hedges

By Bevo Beaven, Editor, Oil & Gas 360, with Olivier Goodrich

Gulf of Mexico explorer Talos Energy (stock ticker: TALO) has added three new lenders to its credit facility and bumped its borrowing base to $850 million from the previous

Bonanza Creek Energy Borrowing Base Elevated to $375 Million

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 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 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 Borrowing Base Increases to $135 Million

Mid-Con Energy Partners, LP Announces Borrowing Base Increase to $135 Million

December 21, 2018 - 8:29 am Borrowing Base, Closing Bell Story‎, Press Releases
After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million

After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million

ProPetro Announces Expansion of Revolving Credit Facility

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs 

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs 

Lilis's Tiger #3H IP-24s above 1,800 BOEPD in 3rd Bone Spring
Permian-focused Lilis Energy (stock ticker: LLEX) said its Tiger #3H well has reached the 24-hour initial production rate of 1,821 BOEPD.

Tiger #3H – 3rd Bone Spring Highlights:

IP

Approach Resources Says $325 Million Borrowing Base Reaffirmed

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 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 Borrowing Base Increases to $325 Million

Chaparral Energy Announces Borrowing Base Increase

December 10, 2018 - 10:30 am Borrowing Base, Closing Bell Story‎, Press Releases
Talos Energy Borrowing Base Jumps 41%

Talos Energy Borrowing Base Jumps 41%

Talos Energy Announces Borrowing Base Increase

November 20, 2018 - 10:56 am Borrowing Base, Closing Bell Story‎, Finance, Press Releases
Oil & Gas Industry Sees 10%-20% Borrowing Base Hikes, Predicts Next Big Play: Haynes and Boone Survey Results

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

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 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 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 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 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”

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 …

WildHorse Borrowing Base Rises to $450 Million

WildHorse Borrowing Base Rises to $450 Million

WildHorse Resource Development’s (ticker: WRD) existing borrowing base under its $1.0 billion multi-year revolving credit facility was increased by its 15-lender bank group to $450 million from $362.5 million, the company announced today.

WRD’s revolving credit facility matures in December …

Samson Oil & Gas’ Borrowing Base Gets a Bump Up

Samson Oil & Gas’ Borrowing Base Gets a Bump Up

Samson Oil & Gas: debt reduction, higher borrowing base

Following the closing of the company’s North Stockyard asset sale, Samson Oil & Gas Limited’s (ticker: SSN) outstanding debt has been reduced to $19 million and Mutual of Omaha Bank has …

Rex Energy Announces Re-Affirmed Borrowing Base of $190 Million

Rex Energy Announces Re-Affirmed Borrowing Base of $190 Million

July 5, 2016 - 7:30 am Borrowing Base, Closing Bell Story‎, Press Releases
Nighthawk Energy Amends Existing Bank Agreement, Updates Water Flood Pilot Financing Plans

Nighthawk Energy Amends Existing Bank Agreement, Updates Water Flood Pilot Financing Plans

Amended Bank Agreement

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), is pleased to announce that on 29 June 2016 it entered into an amendment to the existing bank agreement with the Commonwealth Bank

Southwestern Energy Rearranges And Extends Bank Credit Facilities

Southwestern Energy Rearranges And Extends Bank Credit Facilities

PDC Energy’s Borrowing Base Re-Affirmed at $700 Million

PDC Energy’s Borrowing Base Re-Affirmed at $700 Million

DENVER, May 16, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that the borrowing base on its revolving credit facility has been re-affirmed at $700 million and that the Company has elected …

Granite Oil Corp. Announces Credit Facility Update

Granite Oil Corp. Announces Credit Facility Update

CALGARY, ALBERTA–(Marketwired – May 16, 2016) – GRANITE OIL CORP. (“Granite“) (TSX:GXO)(OTCQX:GXOCF) announces that the annual borrowing base redetermination under its demand credit agreement has been completed and the borrowing base has been set at $60 million, consisting …

May 16, 2016 - 12:23 pm Borrowing Base, Canada, Closing Bell Story‎, Energy News