Email
Print 
Bookmark
Earthstone Energy Inc. has entered into an amendment to the Company's senior secured revolving credit facility, extending the maturity of the Credit Facility to June 2027, increasing the Borrowing Base from $1.325 billion to $1.4 billion and reducing the interest rate for amounts outstanding, amongst other things. Elected commitments under the Credit Facility remain at $800 million.
Robert J. Anderson, Earthstone's President and Chief Executive Officer, commented, "Our lending group has been a critical part of providing funding for the six acquisitions we have consummated in the past year and a half, and we are greatly appreciative of their ongoing support. Our liquidity under the Credit Facility is strong and we continue to expect to pay down significant amounts outstanding under our Credit Facility for the remainder of 2022. With the extension of the tenor of our Credit Facility, we have no debt maturities until 2027, providing Earthstone with continued financial flexibility as we continue to pursue consolidation opportunities in the Permian Basin."
Related Categories :
Borrowing Base Increase
More Borrowing Base Increase News
-
Earthstone Energy's Credit Line Increased 21% to $1.7B
-
Silverbow's Borrowing Base Increased 48% to $775 Million
-
Northern Oil's Borrowing Base Raised Over 50% to $1.3 Billion
-
Ranger Oil's Credit Line Increased 20% to $875 Million
-
Riley Permian's Borrowing Base Increased 14% to $200MM
Gulf Coast News >>>
-
Why $90 Oil Isn’t Bringing Back the Rigs -
-
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year -
-
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
-
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
-
Apa Corp : Doing More With Less
Permian News >>>
-
Permian Resources to Grow Production 6% in 2026
-
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
-
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
-
An Eagle Ford Team That Cashed Out Is Back for Another Cycle -
-
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
