Print 
Laredo Petroleum reported the results of its credit facility redetermination.
The borrowing base of the Company's Senior Secured Credit Facility was reaffirmed at $725 million in association with the semi-annual redetermination process.
Senior Secured Credit Facility Highlights
(cash balance as of Oct. 19, 2020, includes recent acquisition payment)
- Reaffirmed borrowing base and maintained elected commitment of $725 million
- Reduced current borrowings to $220 million, a decrease from $275 million at June 30, 2020
- Increased liquidity to $476 million, including cash and cash equivalents of $15 million and adjusted for $44 million in letters of credit, an increase from $422 million at June 30, 2020
More Redetermination/Borrowing base News
Earthstone Energy's Credit Line Increased 21% to $1.7B
In conjunction with the closing of its recent Permian acquisition, Earthstone Energy has announced the closing of an amendment to the Company's senior secured credit facility. The lenders…
Silverbow's Borrowing Base Increased 48% to $775 Million
SilverBow Resources Inc. has received bank approval to amend its senior secured revolving credit facility to extend the maturity of the Credit Facility to October 2026, increase the…
Amplify Energy's Borrowing Base Reaffirmed at $225MM
Amplify Energy Corp. has completed its regularly scheduled semi-annual borrowing base redetermination and entered into an amendment to its credit agreement. The redetermination affirmed the borrowing base at…
Northern Oil's Borrowing Base Raised Over 50% to $1.3 Billion
Northern Oil and Gas, Inc. announced that on June 7, 2022, it entered into an amended and restated credit agreement governing its reserves-based revolving credit facility with Wells…
Earthstone's Credit Line Increased 6% to $1.4 Billion
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…
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…