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More Borrowing Base Cut News
Exterran Corp.'s Credit Facility Reduced to $650MM; Down 7% from Prior
Exterran Corp. announced an amendment to its credit facility. As a result, the size of the credit facility will be adjusted from $700 million to $650 million. The…
Kosmos Borrowing Base Cut by $130MM to $1.32B
Kosmos Energy has successfully completed the re-determination of its reserve based lending credit facility. The Company's lending syndicate approved a borrowing base capacity of $1.32 billion, a reduction…
Berry Corp. Borrowing Base Reduced to $200MM; Hedges Added
Berry Corp. reported that it has seen a reduction in its RBL elected commitment to $200 million. This reduction equates to an annual savings of $1 million. Cary…
Panhandle's Credit Cut Over 50% to $32MM; Current Debt of $28MM
Panhandle Oil & Gas has reported changes to its revolving credit facility by its lenders. The amended facility reduces the Company's borrowing base to $32 million effective June…
Talos Energy's Borrowing Base Cut 14% to $985MM
Talos Energy has reported a change to its credit line. Effective immediately, the borrowing base under the company's reserves-based lending facility has been revised to $985 million, down…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…