Delaware Basin E&P Matador Resources Co. reported a 30% increase to its borrowing base under the company鈥檚 credit facility from $2.50 billion to $3.25 billion, the Dallas-based E&P said Dec. 3.

Matador, which also operates in the Eagle Ford and Haynesville shales, said it elected to keep its borrowing commitments at $2.25 billion at present, 鈥渂ut appreciates the potential to increase its borrowings to $3.25 billion at a later date.鈥�

The increase was supported unanimously by all 19 of Matador鈥檚 lenders, including PNC Bank as the leading lender, Matador said.  

Delaware Basin E&P Matador Resources Co. reported a 30% increase to its borrowing base under the company’s credit facility from $2.50 billion to $3.25 billion, the Dallas-based E&P said Dec. 3.

Matador, which also operates in the Eagle Ford and Haynesville shales, said it elected to keep its borrowing commitments at $2.25 billion at present, “but appreciates the potential to increase its borrowings to $3.25 billion at a later date.”

The increase was supported unanimously by all 19 of Matador’s lenders, including PNC Bank as the leading lender, Matador said.