PHX Minerals Inc. has entered into an agreement with Bank of Oklahoma (BOK) during its borrowing base redetermination to amend its revolving credit facility.
The amended facility sets the Company's borrowing base at $29 million effective April 7, 2021, and the maturity of the credit facility is extended to Nov. 30, 2023. Additionally, the quarterly commitment reduction is decreased to $500,000.
As of March 31, 2021, PHX had $23.5 million of debt outstanding, down $3.5 million from the quarter ended Dec. 31, 2020.
Related Categories :
Credit Facility Change
More Credit Facility Change News
-
Earthstone Energy's Credit Line Increased 21% to $1.7B
-
Silverbow's Borrowing Base Increased 48% to $775 Million
-
Northern Oil's Borrowing Base Raised Over 50% to $1.3 Billion
-
Earthstone's Credit Line Increased 6% to $1.4 Billion
-
Ranger Oil's Credit Line Increased 20% to $875 Million
Ark-La-Tex News >>>
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -