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Mid-Con Energy subsidiary lifts borrowing base to $240 million
By Toni Weeks
San Luis Obispo, Calif., Nov. 18 – Mid-Con Energy Partners, LP wholly owned subsidiary Mid-Con Energy Properties, LLC amended its $250 million credit agreement on Nov. 17 with Royal Bank of Canada as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.
The amendment primarily increased the borrowing based under the agreement to $240 million from $190 million. The increase is effective until the next borrowing base determination date.
The amendment also added MUFG Union Bank, NA and Frost Bank as additional lenders.
Mid-Con Energy Partners is the guarantor under the agreement.
The energy company is based in Dallas.
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