Ring Energy 借款基础重申为 6 亿美元

在二叠纪盆地运营的环能源公司将在秋季面临下一次重新确定。

哈特能源员工

Permian Basin E&P Ring Energy 的借款基础已根据其 10 亿美元的高级循环信贷额度重申为 6 亿美元。

以Truist Financial Corp.为首的多家银行再次确认了这一消息,具体数量不详,这意味着Ring以其10亿美元的资产为基础,可以从银行获得6亿美元的贷款。

Ring 首席执行官 Paul D. McKinney 表示,此次重申是这家总部位于德克萨斯州伍德兰兹的公司发展的又一步。

麦金尼表示:“感谢我们的银行集团在我们执行旨在进一步加强资产负债表、审慎发展业务以及提高运营和开发效率的举措时给予的持续支持。”

条款没有变化,下一次定期银行重新确定定于 2023 年秋季进行。

Ring Energy主要使用水平钻井,并在二叠纪盆地西北陆架和中央盆地平台拥有资产。Ring于 2022 年收购了 Stronghold Energy II。根据 Seeking Alpha 的数据,Ring 的收入为 3.488 亿美元,运营现金为 2.162 亿美元,总债务为 4.254 亿美元。

原文链接/hartenergy

Ring Energy Borrowing Base Reaffirmed at $600 Million

Ring Energy, which operates in the Permian Basin, will face its next redetermination in the fall.

Hart Energy Staff

Permian Basin E&P Ring Energy’s borrowing base has been reaffirmed at $600 million under its $1 billion senior revolving credit facility.

An undisclosed number of banks led by Truist Financial Corp. made the reaffirmation, meaning Ring has access to $600 million in loans from the banks based on its $1 billion in assets.

Ring CEO Paul D. McKinney said the reaffirmation is another step in growth of The Woodlands, Texas-based company.

“We appreciate our banking group’s continued support as we execute on our initiatives designed to further strengthen the balance sheet, prudently grow the business, and enhance operational and development efficiencies,” McKinney said.

There are no changes in the terms, and the next regularly scheduled bank redetermination is scheduled for the fall of 2023.

Ring Energy mostly uses horizontal drilling wells and has assets in the Permian Basin’s Northwest Shelf and Central Basin Platform. Ring acquired Stronghold Energy II in 2022. Ring has $348.8 million in revenues, $216.2 million in cash from operations and $425.4 million in total debt, according to Seeking Alpha.