On February 9, 2024, PrimeEnergy Resources Corporation amended its loan agreement with Citibank, N.A., increasing the borrowing base from $65,000,000 to $85,000,000, as well as adding Independent Bank as a new lender. As of February 9, 2024, the Company has no outstanding borrowings under the facility, however, the Company does plan to draw down part of the loan and use its cash flow to fund its drilling budget for 2024.
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5-day change | 1st Jan Change | ||
102 USD | -0.49% | +0.92% | -4.12% |
1st Jan change | Capi. | |
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-4.12% | 183M | |
+11.22% | 306B | |
+12.21% | 153B | |
+51.38% | 124B | |
+22.70% | 83.43B | |
+12.20% | 78.06B | |
+19.56% | 62.81B | |
+13.52% | 60.08B | |
+12.74% | 49.91B | |
+33.97% | 37.05B |
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- Primeenergy Resources Corporation Amends Its Loan Agreement with Citibank, N.A