$50 is the new $75
In September, Haynes and Boone, LLP polled 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.”

Producers’ loans are assessed by their lenders twice a year to determine how much credit will be available based upon the collateral value of the producers’ property referred to as their “borrowing bases.” The borrowing bases turn on banks’ projections about future prices...

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