Kodiak Ups Borrowing Base to $650 Million
Print
|
Kodiak Oil & Gas Corp. has reported the results of its regularly scheduled redetermination of its revolving credit facility.
Effective April 2013, the Company and its lending syndicate completed the semi-annual borrowing base redetermination of its revolving credit facility. As a result, Kodiak and its lenders entered into an amendment which increases the Company's borrowing base to $650 million from the previous $450 million.
At the present time, the Company elected to limit the aggregate commitment on the revolver to $550 million. Concurrently, the overall facility was increased from $750 million to $1.5 billion with the maturities extended to April 2018. The Company's long-term debt at March 31, 2013 was $1,250 million consisting of $1,150 million in senior notes and $100 million…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Williston Basin News
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…
Exxon Mobil First Quarter 2023 Results
Exxon Mobil Corp. announced its first quarter 2023 results. Highlights: Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…