PetroShale's borrowing capacity under its senior credit facility has been increased to US$82.0 million from US$49.9 million - an increase of 64%.
Currently, the Company is drawn approximately US$32 million under the facility.
More Borrowing Base Increase News

Earthstone Energy's Credit Line Increased 21% to $1.7B
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Silverbow's Borrowing Base Increased 48% to $775 Million
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Northern Oil's Borrowing Base Raised Over 50% to $1.3 Billion
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Earthstone's Credit Line Increased 6% to $1.4 Billion
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Ranger Oil's Credit Line Increased 20% to $875 Million
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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…
