Most companies predict stable or slight decline in borrowing base
By Richard Rostad, analyst, Oil & Gas 360

The recent drop in oil and gas prices has not significantly rattled lenders, according to Haynes and Boone’s recent Borrowing Base Redetermination Survey.

Twice a year, the law firm’s energy group polls oil and gas producers, oilfield services companies, energy lenders, private equity firms, and other industry participants to get their predictions about producers’ future borrowing capacity or “borrowing bases.”

Based on the February polling, most respondents expect borrowing bases to stay the same or slightly fall in 2019 compared to September 2018. While companies wish to avoid any decrease in borrowing base, a decline ...

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