Lenders for Oasis Petroleum Inc. (NYSE: OAS) increased the borrowing base under its revolving credit agreement, the company said Oct. 1
The amount increased to $2 million from about $1.8 million, but the lenders’ commitment was limited to $1.5 million, Oasis added. If at least one lender increases the commitment, the aggregate commitment can be increased to $2 million, the company added.
No banks were added to the bank group, the company said.
The next determination is scheduled for April 1, 2015, the company added.
Houston-based Oasis Petroleum Inc. operates in the Williston Basin.
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