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FACTBOX-U.S. oil, gas reserve-based loans rise by 5 pct
December 28, 2016 / 5:30 PM / 9 months ago

FACTBOX-U.S. oil, gas reserve-based loans rise by 5 pct

Dec 28 (Reuters) - U.S. oil and gas companies are seeing their credit limits
expand for the first time in two years as improving oil prices increase the
value of their reserves against which banks lend. 
    Oil and gas companies that have so far announced the results of a biannual
revision of borrowing limits report an average increase of about 5 percent in
credit lines. Data below show reserve base lending (RBL) lines both before and
after the latest redeterminations.

 RIC        Company         RBL -     RBL -    RBL -    Pct      Date
                            Before    After    Change   change   Disclos
                            (mln)     (mln)    (mln)             ed
 REXX.O     Rex Energy      $190.0    $190     $0       0.0      3-Oct
            Corp                                                 
 SM.N       SM Energy Co    $1,250    $1,350   $100     8        5-Oct
 AR.N       Antero          $4,500    $4,750   $250     5.6      16-Oct
            Resources Corp                                       
 DNR.N      Denbury         $1,050    $1,050   $0       0        17-Oct
            Resources Inc                                        
 OAS.N      Oasis           $1,150    $1,150   $0       0        18-Oct
            Petroleum Inc                                        
 GST.A      Gastar          $100      $85      -$15     -15      21-Nov
            Exploration                                          
            Inc                                                  
 CRZO.O     Carrizo Oil &   $600      $600     $0       0        24-Oct
            Gas Inc                                              
 SYRG.A     Synergy         $145      $160     $15      10.3     25-Oct
            Resources Corp                                       
 MEMP.O*    Memorial        $925      $740     -$185    -20      28-Oct
            Production                                           
            Partners LP                                          
 MCEP.O     Mid-Con Energy  $105      $140     $35      33.3     31-Oct
            Partners LP                                          
 MTDR.K     Matador         $300      $400     $100     33.3     2-Nov
            Resources Co                                         
 PE.N       Parsley Energy  $475      $900     $425     89.5     2-Nov
            Inc                                                  
 CRC.N      California      $2,300    $2,300   $0       0        3-Nov
            Resources Corp                                       
 ECR.N      Eclipse         $125      $125     $0       0        3-Nov
            Resources Corp                                       
 BCEI.N     Bonanza Creek   $200      $150     -$50     -25      4-Nov
            Energy Inc                                           
 AXAS.O     Abraxas         $120      $115     -$5      -4.2     8-Nov
            Petroleum Corp                                       
 NOG.A      Northern Oil    $350      $350     $0       0        8-Nov
            and Gas Inc                                          
 WPX.N      WPX Energy Inc  $1,025    $1,025   $0       0        3-Nov
 EGN.N      Energen Corp    $1,050    $1,050   $0       0        8-Nov
 CHK.N**    Chesapeake      $4,000    $3,800   -$200    0        3-Nov
            Energy Corp                                          
 WLL.N      Whiting         $2,600    $2,500   -$100    -3.8     27-Oct
            Petroleum Corp                                       
 AREX.O     Approach        $325      $325     $0       0        9-Nov
            Resources Inc                                        
 CDEV.O     Centennial      $140      $200     $60      42.9     9-Nov
            Resource                                             
            Development                                          
            Inc                                                  
 BBG.N      Bill Barrett    $335      $300     -$35     -10.4    3-Nov
            Corp                                                 
 EVEP.O     EV Energy       $450      $450     $0       0        1-Nov
            Partners LP                                          
 FANG.O     Diamondback     $700      $1,000   $300     42.9     7-Nov
            Energy Inc                                           
 VNOM.O     Viper Energy    $175      $275     $100     57.1     8-Nov
            Partners LP                                          
 LGCY.O     Legacy          $630      $600     -$30     -4.8     25-Oct
            Reserves LP                                          
 RICE.N     Rice Energy     $1,000    $1,450   $450     45       25-Oct
            Inc                                                  
 VNR.O      Vanguard        $1,325    $1,100   -$225    -17      8-Nov
            Natural                                              
            Resources LLC                                        
 RSPP.N     RSP Permian     $600      $950     $350     58.3     20-Dec
            Inc                                                  
 SN.N       Sanchez Energy  $350      $350     $0       0        12-Dec
            Corp                                                 
 SPP.A      Sanchez         $205.10   $215.10  $10      4.8      1-Dec
            Production                                           
            Partners LP                                          
 LONE.O     Lonestar        $120      $112     -$8      -6.6     30-Nov
            Resources US                                         
            Inc                                                  
 TOTAL                      $28,915   $30,257  $1,342   4.6      
 
    
*  Will be further reduced to $720 mln, effective Dec 1
** As a result of asset sales     

 (Compiled by Bengaluru Newsroom; Editing by Jeffrey Benkoe)

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