Aggregate lender commitments under Parsley Energy Inc.’s (PE) revolving credit facility were increased by $135 million, to $500 million, the company said April 27.
The commitments now equal the amount under the company’s borrowing base. The borrowing base was reduced by about $61 million in an April 1 redetermination by lenders.
There are no outstanding borrowings under the facility.
Austin, Texas-based Parsley Energy Inc. acquires and develops oil and natural gas reserves in the West Texas Permian Basin.
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