Borrowing Base

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

Antero Resources’ Borrowing Base Reaffirmed at $4.5 Billion

Antero Resources Announces First Quarter 2016 Operations Update

DENVER, April 14, 2016 /PRNewswire/ — Antero Resources (NYSE: AR) (“Antero” or the “Company”) today provided its first quarter 2016 operations update.

Highlights Include:
  • Average net daily gas equivalent production was
April 14, 2016 - 11:39 am Borrowing Base, Closing Bell Story‎, Energy News
Touchstone Exploration Provides Credit Facility Update

Touchstone Exploration Provides Credit Facility Update

CALGARY, ALBERTA–(Marketwired – April 14, 2016) – Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) announces an update regarding its credit facility.

Touchstone’s borrowing base on its Trinidad based credit facility has been established at US$8,000,000 following the lender’s semi-annual …

April 14, 2016 - 11:05 am Borrowing Base, Canada, Closing Bell Story‎, Energy News

Evolution Petroleum Announces New Reserve-Based Credit Facility

HOUSTON, April 13, 2016 /PRNewswire/ — Evolution Petroleum Corporation (NYSE MKT: EPM) today announced that it has entered into a new three-year, senior secured reserve-based credit facility (“Facility”) with MidFirst Bank of Oklahoma City, Oklahoma.  The $50 million

April 14, 2016 - 10:58 am Borrowing Base, Closing Bell Story‎, Energy News

Stone Energy Borrowing Base Now $300 Million

LAFAYETTE, La., April 14, 2016 /PRNewswire/ — Stone Energy Corporation (“Stone”) today announced an update on its first quarter operational activities and its borrowing base redetermination.  First quarter results are expected to be reported in early May 2016.

April 14, 2016 - 10:54 am Borrowing Base, Closing Bell Story‎, Energy News