Northern Oil's Borrowing Base Raised Over 50% to $1.3 Billion
Tuesday,June 07,2022
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 Fargo, as administrative agent, and a syndicate of 14 lenders.
The borrowing base under the facility has been increased to $1.3 billion from $850.0 million.
The facility maturity has been extended from November 2024 to June 2027. NOG has chosen to increase the elected commitment amount to $850.0 million from $750.0 million.
Permian Basin News
-
-
-
-
-
Coterra Energy – 2025 Development Summary
May 29,2025|
