After Pioneer Asset Buy, ProPetro Revolver Increases to $300 Million
December 20, 2018
ProPetro Announces Expansion of Revolving Credit Facility
Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs
December 14, 2018
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 24 rate of 1,821 BOEPD, including 801 BOPD (63% liquids, 44% oil), on a three-stream basis, equivalent to 239 BOEPD per 1,000 ft.
Approach Resources Says $325 Million Borrowing Base Reaffirmed
December 11, 2018
Approach Resources Announces Reaffirmation of Borrowing Base
Bonanza Creek Borrowing Base Jumps to $350 Million from $191 Million
December 10, 2018
Bonanza Creek Announces New $350 Million Borrowing Base
Chaparral Energy Borrowing Base Increases to $325 Million
December 10, 2018
Chaparral Energy Announces Borrowing Base Increase
Bellatrix Renews Credit Facility and Borrowing Base
November 30, 2018
Bellatrix Exploration Ltd. (stock ticker: BXE) recently completed the renewal and extension of its syndicated revolving credit facilities and the semi-annual redetermination of the borrowing base. The term of the credit facilities has been renewed to May 30, 2019 and remains extendible annually thereafter at the option, subject to lender approval. If not renewed in May 2019, the credit facilities
Talos Energy Borrowing Base Jumps 41%
November 20, 2018
Talos Energy Announces Borrowing Base Increase
Oil & Gas Industry Sees 10%-20% Borrowing Base Hikes, Predicts Next Big Play: Haynes and Boone Survey Results
April 10, 2018
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, the firm said today. The energy group at Haynes and Boone said that results of its Spring 2018 Borrowing Base
Earthstone Energy Increases Borrowing Base to $185 Million
December 5, 2017
Earthstone Energy, Inc. (ticker: ESTE) said that its borrowing base under its senior secured revolving credit facility has been increased from $150 to $185 million in connection with its regularly scheduled fall redetermination. The $185 million borrowing base will not be reduced upon closing of the company’s previously announced agreement to sell its Bakken assets. Executive VP and CFO Mark
Midstates Petroleum Borrowing Base Reaffirmed at $170 Million – Sans Anadarko Basin Assets
November 2, 2017
Midstates Petroleum Company’s (ticker: MPO) borrowing base under its revolving credit facility has been reaffirmed at $170 million as part of its regular semiannual review, the company said. Midstates’ operations are currently focused on oilfields in the Mississippian Lime play in Oklahoma and the Anadarko basin in Texas and Oklahoma. Excluded from the agreement with its bank group are its
Haynes and Boone Releases Fall 2017 Borrowing Base Survey Results: ‘Industry has Adapted to the New Normal’
October 6, 2017
$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
Crescent Point Renews $3.6 Billion Credit Facilities
June 27, 2017
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 as at June 26, 2017, it estimates unutilized credit capacity of approximately $1.5 billion, with no material near-term debt maturities,
