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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…
Permian E&P Borrowing Base Cut -13%; Shoring Up Balance Sheet
Earthstone Energy reported that its borrowing base was cut from $275 million to $240 million (-13%). Total outstanding debt is now $130 million vs $168.6 million as of…
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…
Mid-Continent News
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…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…
Amplify to Sell Oklahoma Assets for $92.5MM
Nov. 05, 2025 Amplify Energy announced it has entered into a definitive agreement to sell all of its interests in Oklahoma for a total contract price of $92.5…
BKV Closes $370MM Bedrock Barnett Acquisition
BKV Corporation (NYSE: BKV) closed its ~$370 million acquisition of Bedrock Production, LLC, acquiring Bedrock Energy Partners’ Barnett Shale assets in a deal that materially expands BKV’s scale…