Exploration & Production | Capital Markets | Capital Expenditure | Private Equity Activity
Long Run Announces Capital Program for 80 net Wells
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Long Run Exploration Ltd. has announced an increased borrowing base under the syndicated credit facility of $475 million.
Increased Credit FacilityLong Run's syndicate of lenders has increased the borrowing base under the Company's credit facility from $430 million to $475 million, as part of the Company's semi-annual borrowing base review. The increased credit capacity recognizes increases in our reserve base resulting from operational success.
Light Oil AcquisitionThrough development work and strategic tuck-in acquisitions completed in 2013, Long Run's Viking inventory has grown and is estimated to be in excess of 500 locations.
November Production UpdateEstimated production for November 2013 was 27,300 boe per day (55 percent crude oil and liquids) comprised of 15,000 barrels per…
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