Northern Oil and Gas, Inc. Announces Borrowing Base Increase

Source: www.gulfoilandgas.com 11/3/2021, Location: North America

Northern Oil and Gas, Inc. announced that the borrowing base under its reserves-based revolving credit facility has been increased to $850.0 million from $725.0 million. Northern has chosen to increase the elected commitment amount to $750.0 million from $660.0 million. The 14 lender syndicate unanimously approved the increase, effective as of November 3, 2021. No material changes were made to the terms of the credit facility.

MANAGEMENT COMMENT
“We are pleased that our strong reserves base support another increase of our borrowing base,” commented Chad Allen, Northern’s Chief Financial Officer, “More impressive is that this borrowing base does not include any reserve value from our pending Williston Basin acquisition.”


Brazil >>  2/26/2024 - Seatrium Limited refers to its previous announcements concerning the ongoing investigations related to “Operacao Lava Jato” (Operation Car Wash) in Br...
Brazil >>  2/26/2024 - Raizen Fuels Finance S.A. ("Raizen Fuels") announces the commencement of an offer to purchase for cash (the "Offer") any and all of the outstanding 5....

Canada >>  2/26/2024 - PetroTal Corp. ("PetroTal") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces that, in accordance with the terms of its share buyback programme announ...
Canada >>  2/26/2024 - Calfrac Well Services Ltd. (“Calfrac”) (TSX:CFW) intends to release its 2023 fourth quarter results before the market opens on Thursday, March 14, 202...

Canada >>  2/26/2024 - International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that IPC repurchased a total of 285,...
China >>  2/26/2024 - CN Energy Group. Inc. (Nasdaq: CNEY) ("CN Energy Group"), a high-tech enterprise specializing in cogeneration of high-quality wood-activated carbon an...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.