The law firm Haynes and Boone today released the results of its “Fall 2018 Borrowing Base Redeterminations Survey,” which shows a bright outlook for oil and gas producers.

The firm provided key takeaways from its 2018 Fall survey:

Respondents have a positive outlook about fall 2018 borrowing bases – over 78 percent expect borrowing bases to increase, with 36 percent expecting 20 percent or greater increases.
Strong oil prices are leading borrowers to roll forward their hedging. The respondents estimate that producers have a significa...

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