The borrowing base of Mid-Con Energy Partners LP's (NASDAQ: MCEP) senior secured revolving credit facility was reduced by $20 million in a redetermination, the company said April 2.
The borrowing base is now $220 million, effective that day.
Royal Bank of Canada is administrative agent. Participant lenders include Bank of Nova Scotia, BOKF NA, Comerica Bank, Wells Fargo Bank NA, Frost Bank and MUFG Union Bank.
The next biannual redetermination is scheduled for Oct. 31.
Dallas-based Mid-Con Energy Partners LP owns and operates oil and natural gas properties in the Hugoton, Permian Basin, Gulf Coast and other areas in North America.
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