Capital Markets | Credit Facility Change
Tidewater Midstream's Credit Facility Upsized +30% to $325MM
Print
|
Tidewater Midstream and Infrastructure reported that its credit facility has been increased by its bank syndicate.
Total availability under the Corporation’s credit facility has increased from $250 million to $325 million (up +30%).
The Amended Credit Facility also contains an accordion feature which permits the Corporation to increase the size of its credit facility to an aggregate of $350 million from $325 million.
More Borrowing Base Increase 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…
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…
Ranger Oil's Credit Line Increased 20% to $875 Million
Ranger Oil Corp. announced that its borrowing base under its revolving credit facility was increased 20% to $875 million. Ranger's elected commitment under the facility remains at $400…
United States News
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…